Legal Question in Business Law in India

We are sub-broker of one of the very leading Broker of Stock Market providing platform for Online trading facility.Every thing is Online, Bank Account, Trading Account and Demar Account. On every executed trade SMS is sent by the Co. on the Mobile of the Client. Contract NOtes are also sent by post. One of the client now denying placing of orders and is threatening for arrest and FIR.

We shall be grateful if you kindly advice what action can be taken by that client and what safeguards are available to us. The trades is questions are two and half months old.


Asked on 5/16/11, 11:15 pm

3 Answers from Attorneys
Sanjay Kalra Sanjay Kalra & Associates

What is the procedure for a client to place an order to you ,please explain.

Read more
Answered on 5/17/11, 12:29 am

Well, this is the regular phase for a broker or sub broker.

The clients generally place orders over the Phone.. thats how it goes... right?

You need to show that the orders were placed in normal course like before.

All the procedures and records maintained are to be examined before advising anything further.

Regards

Read more
Answered on 5/17/11, 2:17 am
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

please also inform have u delivered on the client's order and why he is denying for placing such order let us know what kind of loss u have suffered and why he is threatning you for arrest and f.i.r .

Read more
Answered on 5/18/11, 12:26 am


Related Questions & Answers

More Business Law questions and answers in India