Finally I'm say quits to 5paisa/india infoline and going to angel (it seems they are the least evil). Now, i'm concerned about all the paper works needs to be done. Brokers cannot be trusted and hence I thought of putting a question here which can help others going through similar situations:
1. To get my shares transferred to new dp, I need inter depository slips. my old broker will not cooperate with me in providing those slips and transfering shares since i'm closing a/c with them. how to get this done easily.
2. I've given my old broker power of attorney. can they use that to create trouble for me. I've bought mutual funds from them online for which they used this POA. Can they misuse the POA in future in any way. How can I make sure something like this does not happen. I guess they will not be returning me the original POA and I cannot force them to do so with excuses that they have discard it after entry into the computers, etc.
1. To get my shares transferred to new dp, I need inter depository slips. my old broker will not cooperate with me in providing those slips and transfering shares since i'm closing a/c with them. how to get this done easily.
2. I've given my old broker power of attorney. can they use that to create trouble for me. I've bought mutual funds from them online for which they used this POA. Can they misuse the POA in future in any way. How can I make sure something like this does not happen. I guess they will not be returning me the original POA and I cannot force them to do so with excuses that they have discard it after entry into the computers, etc.