Spot Payment For Bad Delivery - Signature Differ Physical Shares

WE BUY SIGN DIFFER BAD DELIVERY SHARES OF COMPANIES ON OUTRIGHT IMMEDIATE PAYMENT BASIS

.FOR DETAILS

CONTACT
ALOK AGARWAL
ON
919818661298
OR
EMAIL DETAILS TO
alokagarwal27@yahoo.com.

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Mr. Alok Agarwal has rightly pointed out the difficulty faced by holders of share certificates / Transfer Deeds pending transfer ( mainly due to Signature Difference ) . In between many a time when the company may have allotted Bonus or New Certificates due to Split amalgamation etc. , the new certificates are despatched to the Registered holder ( who had sold out ) and the Buyer ( who has paid for the shares ) is left high and dry.

Mr. Agarwal please clarify whether you would consider buying those share certificates  also for which the Company may have issued fresh certificates to the Registered  Holder ( Seller )

Regards ,

Ashwani
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  I would like to clarify that i shall not be able to buy shares,whose new certificates have been sent to regd. holders.for such investors the legal proceeding could only be the option.

with regards,

alok agarwal

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To the best of my information there is a Section under The Companies Act under which the Buyer and Owner in Due Course of the physical shares  can direct the Company concerned to put on hold all the future benefits like Dividend . Bonus etc till the shares are transferred to his name. This should be done immediately by the transferee on rejection of transfer by the  Company .Physical Shares should never be kept blank . These should be sent for transfer at the earliest possible. Stamp duty is @ 0.25 % i.e. Re. 1 for every  Rs.400 , on Market Value

Ashwani

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Well, though this is a noble work but from the experience from interacting with couple of populace in this field, has left me disgruntled and miserable.

The very basis of this model depends on bribing someone to get the signatures or getting to know if there are any outstanding disputes or stopping the confirmation letter going from R&T to the seller through dubious means. I would be honest and say that there is a strong temptation to handle such case because of higher margins and ignorance of the seller but I have always resisted getting into such transactions.

The whole business of lost/ stolen/ fake/ duplicate shares is based on some questionable business practices hence in the past, I, on a number of occasions have been extremely critical of getting into this.

This is not to say that there aren’t any gentlemen out there solving legitimate problem. But I suggest that one should be careful and not get carried away for the easy money. As someone rightly said that there is no pillow so soft as a clear conscience. Appreciate, if, we could have Mr. Agarwal’s view point.

Satyakam Mishra
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Many a time rules and system are so unwise and difficult that for a common man it is near impossible to follow the straight path.It has been my experience that bad deliveries ( many on frivolous grounds and at the sheer whims of the RTA and their clerks ) had caused great agony to the buyers who had paid the full amount ( only then they got the delivery ). I have some such bad deliveries and didn't know what to do even after numerous attempts for transfer. Finally , I decided to " sell " these to a  buyer of such shares. But as God would have it I could not locate the documents.

Morality depends on situation to situation   and from person to person..One of my class mates in St. Stephen's College Delhi , who is , now , a very senior IAS officer , used to tell us that in his  school  most rampant cheating in exams took place in the Moral Science subject.

Well there are some investors who do not buy shares of tobacco or  alcohol companies  ( Birlas do not invest in Hotels ). Well I have shares of ITC , VST and United Breweries although I am ( and thank God ) a non smoker and a teetotaler  .

Ashwani