| Sirs, The Self declaration Form ( New Format) for the year 2009-10 has been already sent in person on 30/04/2010 to CAMS collection centre, Salem branch, Salem and Karvy Distributor Service Centre, Shevapet branch, Salem and also received the acknowledgments. Almost all AMC Companies has sent a letter to me individualy stating that They not yet received the Self Declaration form for the year 2009-10 in middle of May 2010. Again, I have contacted the same to M/s. Karvy and Cams in person before end of May, 2010 and both of them have told me that they intimated the same to all AMCs in time and requested me for need not worry in this regard. In addition that I have given one additional Self Declaration Form to CAMS only including a xerox copy of acknowledgment receipt. Again, I have received mails from some AMCs in this month that they have stopped my commission because of non receipt of Self Declartion for the year 2009-10 on or before 31st July, 2010. I have given reply that I have been already submitted the Self Declaration Form in time to those AMCs but not accepted the same. Further, I given request to M/s.CAMS and KARVY to take immediate action in this regard and do the needful immediately. This is for your information only. Kasinathan VSalem |
Thursday, August 12, 2010
Alert: Brokerage Payment on Hold, Urgent Action Required
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9 comments:
Dear Sir,
Earlier Amc's have sent a new format for Self-Declaration, kindly verify the one sent by you and the new one are the same. This was the case in Chennai too and most of us had to give a fresh one. Please take it up with your relationship manager's and cross check the Self-declaration latest format. If they are the same then take it up with the concerned AMC's and get the same rectified.
Regards
Srinivasan S
Money Kare
Received from Vijey ta
Hi,
Stop selling mutual funds,that business is already dead in the market.If you are interested we can arrange you to get
franchisee to setup sharebroking at your place.There is no deposit.No conditions.Only thing is you have to aquire Ncfm Certificate within two month time.You can have 50% of brokerage earning every month.
If interested send us your profile.
regards,
t.a.vijey
Received from p_muku .
It happens; they can hold back interest free;
First time, submit.
Second time, mark the copy REMINDER-1 in huge caps;
As long as there is no acknowledgement received, they can say NOT RECEIVED,
Demand a signed acknowledgement with seal.
Things will work automatically.
Banks & Insurance sector have Ombudsman system. Where the erring party is liable to pay compensation. Once similar mechanism introduced, everything will become NORMAL.
Accountability is paramount.
DSC is an annual ritual. CAMS and AMCs can initiate a single declaration format for a ARN.
This will SAVE PAPERS and piling up of stationary on annual basis. Now for one ARN we have to submit several DSC to many AMCs/CAMS, that too several times.
This is adding to additional expenditures.
Received from Pradeep Bathija,
I DO NOT UNDERSTAND WHY WE HAVE TO GIVE A DECLARATION EVERY YEAR.
PL. LET ME KNOW IN WHICH PROFESSION A DECLARATION IS GIVEN THAT THEY ARE DOING THEIR PROFESSION IN A HONEST MANNER, EG. DOCTORS,LAWYER, ENGINEERS, AUDITORS TO NAME MANY MORE, SO WHY ARE WE BEING TREATED AS CHEATERS & DISHONEST.
FROM,
PRADEEP BATHIJA
CELL No.+91-98431-72731
Received from Suresh Nair <sureshnair.trivandrum@gmail.com
I too have received phone calls from AMC's asking me to submit the Self Declaration form to their office and not Cams. Even though I have submitted the forms to Cams twice for some reason, best known to Cams, it has not been updated in the AMC's records.
Suresh
Received from Mohanraam R
Dear Sir,
The same thing happened to me for the same AMC (DSP Blackrock).
In fact, I had informed Mr.Ramesh of CAMS about this & the action/cheque is awaited.
Mohan raam.R
Received from Mr. Kasinathan V
Sirs,
Thanks for the same.Please let me know that whether Non receipt of commissions from CAMS and KARVY after filing of Self Declaraion Forms in time. With Regards & Thanks.
KASINATHAN VISWANATHAN,
ARN: 3175, SALEM.
HERE IS THE REPLY FROM CAMS
From: B.Bhuvaneswari [mailto:b_bhuvaneswari@camsonline.com]
Sent: 12 August 2010 14:55
To: barathwaaj@gmail.com
Cc: Pradheep
Subject: Re: {IFAGalaxy} Re: Alert: Brokerage Payment on Hold, Urgent Action Required - ARN -3175
Dear Distributor,
On checking, we find that the self declaration form was submitted at HDFC MF directly. We had obtained the copy of the same now and updated across all other funds.
B Bhuvaneswari
Distributors' Help Desk
Computer Age Management Services Pvt Ltd
Rayala Towers, 158 Anna Salai,Chennai 600002
Phone 044 30212665
Reply from Mr. Kasinathan
Sirs,
Thanks for your kind effort. With Regards & Thanks.
V. KASINATHAN
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