Need help, Dormant Demat Account

Dear Mods,

Requesting ur urgent kind help in following :-

I have demat a/c with angel. I applied for CIL IPO 1600 sh. & was alloted 800. I have then sold 600 of them. I have received an SMS from their server regarding the sale after T+2. Now when I asked for payout of the same, the broker told me that the a/c was marked dormant. I was in a shocked state. When googling through, I came to know that if there is no SELL transaction in 6 months from the demat, it is considered dormant. I went through my statements & have found that I had purchased 2 scripts in Sept'10 & then sold it from my demat. Hence the a/c cannot be deemed as Dormant. Secondly my broker didnt inform me about the same when I sold the CIL shares. I am going to talk/write to their Mumbai HQ 2morrow. Kindly share some knowledge regarding similar cases.

Thanks in advance.

You are correct in all your assumption...... when writing to Angel HQ mark a CC to SEBI, NSE or BSE (Whichever it maybe that you sold your CIL) in addition Mark a CC to NSDL...

You will find their Investor Grievance Email address At Investor Grievance Forum here at Traderji......

Happy & Safer Investing

SavantGarde

I have opened a demat a/c, two and half years before and not invested from a/c opening now they are asking to pay DP charges Rs880 for two years it is in dormant condition. Now if I want to close have to pay they charges or it will close automatically.
Kindly guide me.

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"The preliminary research on the product has been very promising. they have got 5,000 enrolments in the Ist week itself and plan to take this number to 10,000 by the end of the first month itself", >>