Hi, Opting for the payment of the redemption proceeds through ECS can be a good option to over come the signature variation problem. The registrars usually process such redemption requests despite of signature mismatch. Atleast this is my personal experience.
----- Original Message ----- From: "Pamnani" <kanchanpamn...@gmail.com>
To: <accessindia@accessindia.org.in> Sent: Thursday, October 28, 2010 10:39 AM Subject: [AI] Mutual Funds/Bonds
When the Visually impaired apply for Mutual Funds or Bonds there does not seem to be any problem however when the btime for redemption comes the problems start. The complaints of thumb impression, signature not tallying etc are the general excuses. The problem is sorted out when the visually impaired gives an affidavit and notarises his redemption application. this is the problem that I have received recently from some visually challenged friends. 1. Have any of you suffered such a problem? 2. How was it sorted out 3. Did it take very long 4. How much extra did you spend 5. What is the procedure when you applied for these Bonds or units. 6. Do you have your Mutual funds in demat or physical form? 7. Is there any related problem which you want me to tackle now. Regards Kanchan Pamnani Advocate & Solicitor 9, Suleman Chambers, Battery Street, Colaba, Mumbai - 400 039. To unsubscribe send a message to accessindia-requ...@accessindia.org.in with the subject unsubscribe. To change your subscription to digest mode or make any other changes, please visit the list home page at http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in
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