What if AMC charges are not given

Hi ,I opened my Dmat account with Sharekhan ..which was free for 2 yrs........
I never bought a share ......now i want to trade ..but i dont have my trading paswwd ...i requested a sharekhan office to change my address first where new trading password will be sent ....since I have moved out of my previous house ...now since I dont remember the signature which i did 2 yrs ago.....my signatre mismatches.......

so the point is ...i cannot trade on sharekhan.....i cannot close my account also since that also requires verification of signature ......and now they want me to pay account maintenance charges ..........I DONT WANT TO PAY account maintennace charge to these people ...

Kindly suggest me what to do ???? Should I pay them ...becuase its not about paying 780 Rs but its about if I cannot use their services then why should i pay them....r they going to levy any late payment fees...i dont pay at all ..will there be any legal action against me

You seem to be a new share trader. Thats called business. They have charged that means you are legally bonded to them & will have to pay them, Its mentioned in T & C that they charge no fee for opening an Demat a/c with sharekhan, this is same for any trading company.

Now

1. Only opening a/c is free by this they me no setup fee eg. you need atleat INR5000 to open an SB account.
2.However in T & C they have mentioned that AMC Charges ( Account mantainance charges Around INR 1500 Annually HAVE TO ME PAID.) you have agree to this when had signed for FREE DEMAT A/c with sharekhan.
3.This means you can be legally prosecuted.

WHAT YOU CAN DO?

1. Pay the AMC & request them to close the account.Tell them kindly, everthing & that u did not use it.Thats why u dont want to pay.Ask them what can be done.
2. You said you forgot your signature for this you have to consult a lawyer & take an oath in front of magistrate.
3.The final if you dont want to PAY THEN TO WILL HAVE TO GO FOR ARBITRATION i.e go to the honnerable court with the help of "OMBUDSMAN" of the finacial institution.OMBUDSMAN IS A PERSON APPOINTED BY GOV OF INDIA / RESERVE BANK OF INDIA / RESPECTIVE BODY TO ADRESS THE CLAIMS OF FINANCIAL PARTIES & DO SETTLEMENTS.HE IS THE UMPIRE.HE IS IMPARTIAL HE IS NOT FROM ANY SIDE.

ACCEPT FOR THE 1 OPTION ALL THE OPTIONS WILL COST YOU MORE THAN THE AMC CHARGES

BUT IF YOU WIN THE CASE! THEN THATS GOOD.

SO PLEASE DO NOT FORGET TO READ T & C.

to make complaint to a swiss institution you can use this adress
http://www.bankingombudsman.ch/en

make your request fully documented and send to them...