Amarnath
There does not seem to be any such guideline. I am still checking. I could
be wrong ......
However it looks like these companies made up their own rules and blamed
SEBI. This was the same problem with banking. At that time those who
challenged the Bank got the account and the facilities. Now when we cary
the proper guidelines they keep quiet. Over the last 2 years the problems in
Banking have reduced.
If you have the time could you go back to these companies and demand a copy
of the SEBI guidelines?
Thanks
Kanchan
----- Original Message -----
From: "amarnath de" <[email protected]>
To: <[email protected]>
Sent: Wednesday, January 26, 2011 9:17 AM
Subject: Re: [AI] Urgent Re: facing problem in purchasing mutual funds
Hi, Kanchan,
you are right. I came to know about from such rules from two different
places. From India Infoline Ltd. and ICICI bank in the process of being
purchase of mutual funds and in the process of making corrections in my
demat account lying at India Infoline LTD. They say that, the rules framed
by SEBI to protect the visually impaired investors from fraudulent
attempts.
Regards.
Yours sincerely,
Amarnath De.
--------------------------------------------------
From: "Kanchan Pamnani" <[email protected]>
Sent: Tuesday, January 25, 2011 8:45 PM
To: <[email protected]>
Subject: Re: [AI] Urgent Re: facing problem in purchasing mutual funds
Thanks Amar but I am looking for the exact rule. Amarnath insists there
is a rule. I havent found it. I cant base my memo on the whims of
different funds.
Kanchan
----- Original Message -----
From: "Amar Jain" <[email protected]>
To: <[email protected]>
Sent: Tuesday, January 25, 2011 8:32 PM
Subject: Re: [AI] Urgent Re: facing problem in purchasing mutual funds
HDFC MF didn't accept my form because it was verified by bank manager,
however SBI and Reliance MF did.
-----Original Message-----
From: Kanchan Pamnani
Sent: Tuesday, January 25, 2011 7:30 AM
To: [email protected]
Subject: [AI] Urgent Re: facing problem in purchasing mutual funds
This mail is specifically for Amarnath but if someone else also knows
about
the subject I would be really happy to receive an answer.
Amarnath in the mail below you have said that SEBI Rules do not allow
attestation of Left Thumb Impression by a bank manager and it actually
requires attestation by a notary.
I havent found any such rule so please would you send me the
rule,regulation
or guideline.
This is most urgent because I am in the process of writing the
Memorandum to
SEBI on the subject
I know that Amar Jain has invested in some mutual funds with only the
Bank
manager's attestation. I want to see the exact rule if Amarnath insists
there is one.
Thanks
Kanchan
I have been going through each and every mail on the subject.
----- Original Message -----
From: "amarnath de" <[email protected]>
To: <[email protected]>
Sent: Saturday, July 10, 2010 8:01 AM
Subject: Re: [AI] facing problem in purchasing mutual funds
fund managers are not allowed to accept attestation of thumb
impressions by the bank managers. They only need the attestation of
thumb impressions by the notary as per sebi's guidelines.
--------------------------------------------------
From: "Amar Jain" <[email protected]>
Sent: Friday, July 09, 2010 1:30 PM
To: <[email protected]>
Subject: Re: [AI] facing problem in purchasing mutual funds
If you have good relations with bank manager you can tell them to
verify the thumb impression.
--------------------------------------------------
From: "mahendra" <[email protected]>
Sent: Friday, July 09, 2010 3:10 AM
To: <[email protected]>
Subject: Re: [AI] facing problem in purchasing mutual funds
Dear Amarnath
as far as Icici bank portal
www.icicidirect.com
is cunsirn, one can buy mutual funds online as well, like shares,
bonds FDs.
also it is now offering currancy trading.
so may be try your luck with Icici bank!!.
At 04:58 PM 7/8/2010, you wrote:
Hello all,
I want to subscribe some mutual funds. But due to sebi's guideline
blind people must attest their left thumb impressions by notary. But
the notaries are demanding Rs. 20-50 per attestation. So if there is
4 signatures in the form they are demanding Rs. 80 to Rs. 200 to
attest the form. It is not understandable by me that, why the
attestation of gazzeted officers are not valid or why the mutual
funds cannot be purchased through net banking.
Please, share your views not only through this platform but write to
sebi to modify its guidelines and give your views at
[email protected]
Hope, you will take this matter seriously and raise your voice.
Regards.
Amarnath De.
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with warm regards
Mahendra Galani
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phone +4314943149 mobile +4369910366055,
address Herbst strasse 101.16.1 Vienna Austria Europe
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