Client complaining about trade without consent on his Demat acc
2 years ago
Initially when I was insisting on every trade to be done with consent, client said he stays busy and wife is not much knowledgeable so you as Dealer can take trades on his behalf. Later on one day he faced losses and now he is saying trades were done without consent. I have day confirmation but no recording for every trade consent.
A.Dear Sir,
It is implied consent and you need not worry.
It is implied consent and you need not worry.
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Ankur Goel @ Complete Law Shield
Responded 2 years ago
A.if your client ask you to perform his actions with his wife because he is busy then you will do it ?
will that be legal ?
same way your actions are illegal.
will that be legal ?
same way your actions are illegal.
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A.Hi,
Oral agreements and confirmation is considered as valid by the court, but it will be very hard to prove the same in a court case.
If you like my answer, please rate me.
Oral agreements and confirmation is considered as valid by the court, but it will be very hard to prove the same in a court case.
If you like my answer, please rate me.
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Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
Oral confirmation are considered valid, but it is very hard to prove in the court of law. If the client initiate case against you, you can use day confirmation but it would be difficult to sustain for every transaction.
Oral confirmation are considered valid, but it is very hard to prove in the court of law. If the client initiate case against you, you can use day confirmation but it would be difficult to sustain for every transaction.
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