Mahindra And Mahindra — share registrars karvy

Mahindra And Mahindra — share registrars karvy — folio no j003924/j003923

V vikasjjw from Allahabad, Uttar Pradesh

I hold physical shares in two folio in mahindra and mahindra. I had sent shares for transfer in my wifes name but they got rejected due to signature mismatch. Subsequently 1;1 bonus was given by company. I have not received the bonus shares and the dividend in mahindra and mahindra from last two years. I approached the company they asked me to send a no objection certificate from buyer. I have send all requisite details twice to the registrars karvy but i have not received shares or dividend from company registrars. I hope that something like share pro is not cooking here. They have a huge investment base and any error here would dupe investors for lakhs of rupees. Second when you say that the shares signatures do not match obviously the question of transfer does not arise then how can you hold shares ofg registered share holder just on the basis of your belief that the transferee will ask you for shares. This is presumptively absurd. I hope sebi would amend guidelines on this. These registrars and banks have created a mess in country by becoming false guardians of public money. Was this information helpful? No (0) Yes (0)
Mahindra And Mahindra customer support has been notified about the posted complaint. Apr 30, 2019 Updated by vikasjjw i think u need to check at your end the details have been sent to u along with fourteen other company documents 6 months back received by mr reddy .most of these have been cleared except Reliance industrial infrastructure ltd shares not received. Apr 30, 2019 Updated by vikasjjw this is the response i got from your end in year 2017 this is 2019 I guess (419 days) marked as resolved at ur end Dear Sir/Madam, Greetings from KARVY!! We would like to inform you that the Bonus share certificate nos. 427455 & 427454 against the folio nos. J003924 & J003923 are laying in the custody of the company due to receipt of transfer in the month of November 2017 and the request got rejected prior to Bonus Allotment. We request you to provide us the No-Objection letter from the Buyer alongwith the self attested copy of Pan card from the buyer & seller for releasing the bonus share certificates against both the folios On receipt of the said documents, we shall do the needful Thanks & Regards Team Karvy
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Karvy Customer Care

from Hyderabad, Andhra Pradesh

Dear Sir/Madam,

We regret the inconvenience caused.

With reference to the above complaint, we request you to please share your folio no. to kfpl.[protected]@karvy.com to enable us to check and resolve it on priority basis.

Thanks & Regards
Team Karvy

vikasjjw's [Complaint's author] reply, Apr 30, 2019

s is the response i got from your end in year 2017 this is 2019 I guess (419 days) marked as resolved at ur end

Dear Sir/Madam,

Greetings from KARVY!!

We would like to inform you that the Bonus share certificate nos. 427455 & 427454 against the folio nos. J003924 & J003923 are laying in the custody of the company due to receipt of transfer in the month of November 2017 and the request got rejected prior to Bonus Allotment.

We request you to provide us the No-Objection letter from the Buyer alongwith the self attested copy of Pan card from the buyer & seller for releasing the bonus share certificates against both the folios

On receipt of the said documents, we shall do the needful

Thanks & Regards
Team Karvy