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Strategies & Market Trends : India Coffee House
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To: Mohan Marette who wrote (2881)9/28/1998 12:29:00 PM
From: ratan lal  Read Replies (1) of 12475
 
Mohan - Be careful trading in the Inidan markets. There are many erquirements and pitfalls that u may no tbe aware of.

1. to buy or sell shares u need to sign form for each 100 shares
2. your broker has to collect money from other broker. no auto credits / debits
3. if your broker cheats you, you really have no place to go for your grievances. and u cant do it from here. your relatives are not going to run around the bureaucracies.
4. if your broker gets into trouble with the income tax people, they can confiscate all the shares in their premises (including yours) and you may not get them back for 10 years or more. meanwhile the co. or its stock may go kaput or the exchange rate may turn all your profits into losses.
5. Unless you invest in well established cos., there is a lot of fraud in new cos. where they go public, use the money to start and fund private cos. Again u have no recourse

ratan
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