Inconsumercomplaints.com » Business & Finance » Review / complaint: India InfoLine - Demat of shares | News #321781

India InfoLine
Demat of shares

I have submitted on 23rd May 2 certificates comprising 200 shares of EPC Irrigation for demat to India Infoline franchisee in Kolkata at A J C Bose Road. Folio no -A04764. Certificate no. 4623 and 4624.

A month passed. On enquiring from the franchisee, I was informed that the demat request got rejected because there was some mistake in noting ISIN and the certificates were being couriered to me.

Not receiving the certificates, I rang up the company registrar M/s Sharepro Services in Mumbai. To my astonishment Sharepro informed that they have not received the certificates at all! In fact they called back separately to inform abuot its non receipt.

This information I shared with customer service of IIFL through repeated emails and telephones. They remain indifferent and refuse to give contact nos of senior management like Venkataraman.

Recently I have referred this problem to NSDL and awaiting their action.

Presently the stock is quoting high, but I cannot sell it. It seems the certificates are still lying with IIFL. Kindly help.


Company: India InfoLine

Country: India   State: West Bengal   City: West Medinipur

Category: Business & Finance

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