This is a complaint regrarding non allotment of shares in the recently
concluded Public Issue of Coal India Limited. I have been regularly
writing to its Registrar M/s LINK INTIME INDIA Pvt ltd, but the registrar
has not given me satisfactory reply.
I had applied for 400 shares of Coal India Limited vide application No
38057373 and I should have been alloted 199 shares in Coal India, but to my
surprise I found that my application has been rejected and my PAN No. was
clubbed with another application of Ms Anita Gupta Application No
38057397.and both the applicants were not allotted any shares as in both
the applications the PAN NO of mine was entered by the Syndicate
member/Registrar. I was not allotted any shares due to deficiency in
service by Syndicate Member/Registrar.
The refund amount of Rs.24500/- was excess credited to my Bank, which I
had already informed to the registrar. The registrar has informed me that
this money belongs to Ms Gupta who had requested me to refund the money
which I am going to refund shortly.
Though as a responsible investor I will refund the money but there is no
word from the registrar regarding non allotment of shares and suffering a
loss of more than Rs. 20, 000/-.in my case.
I understand that Coal India will pay a large amount of money to the
Registrar for managing/mis-managing the issue of Coal India. I understand
that there are lot of un-solved complaints against the registrar.
I request your good office to advise the company M/s Coal India Limited to
resolve our complaints and there is no response either from the Registrar
or from the Syndicate Member
regards
Madhu Gulati
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