Payment to the vendor will be made in an offline mode within 7 days from the date of transfer of shares and securities[A1]
Buyer will have to make payment through payment gateway by using any of the following facility.
- Net Banking
- Cheque/Demand Draft/Pay Order – on Delivery
At the time of buying shares and securities, the buyer will have to make sure that he uses his/her own bank account or net banking card for making payment for buying securities.
It will always be presumed that buyer uses his/her own bank account for purchasing securities from Analah Capital.
Buyer will be allowed to make part payment up to 10% – 15% if the total consideration amount exceeds INR 10 Lacs. However, for lower consideration amount, management may practice its discretion on same. Balance payment shall be made within a period of 7 (seven) working days, failing which 3A Group shall be at complete discretion to deal with the unpaid shares and buyer shall not be entitled to any refund of the payment.
It is explicitly agreed between the Parties that only after receiving full payment towards the shares, the entire lot shall be transferred to the buyer.
Delivery of Shares and Securities
Buyer will be delivered securities in accordance with the applicable law. Delivery period of securities in physical and Demat form will be the same as mentioned above. Shares will be transferred only in the name of a person from whose account we receive consideration amount.
Physical shares and securities purchased from Analah Capital should be lodged for transfer with the respective company in accordance with the applicable law. Analah Group does not take any kind of legal or financial responsibility for the purchased shares and securities in dispute. Any objection raised for securities which are lodged for transfer with Company then we will support to clear objection, if any, raised within 3 months.
Shares and Securities posted on Analah Capital which belongs to Dormant/ Vanished/ Liquidated/ Under-liquidation Company then Analah Capital and its associates will not be responsible for getting shares and securities transferred in the name of the buyer. Buyers discretion is sought in dealing with Dormant/ Vanished/ Liquidated/ Under-liquidation Company. However, Analah Capital will exhibit all information of the company on its portal as reflected on the website of Ministry of Corporate Governance with all errors and omissions.
In case of any objections received by the buyer in relation to transfer of shares and securities, buyer shall be responsible to provide a copy of courier slip for transfer of shares and only after authentication of the proof is confirmed by the concerned person of Analah Group, the case shall be entertained on case to case basis.
Record Date/ Book Closure
Any Record date fixed by company for giving effect to any corporate action such as Dividend declaration, Splitting of Securities, Consolidation of Securities, Bonus issue or Rights issue of securities and such Record date for any corporate action falling within the period of transfer of securities or on date of selling securities or on date of purchase of securities will be given effect as per provisions of Companies Act, 2013 and rules made thereunder and any other applicable Laws in force.
Cancellation and Refund Policy for Vendor
Vendor shall be entitled to cancel the shares and securities placed on the portal for selling, unless the said shares and securities are not confirmed by any buyer, otherwise, the seller shall be penalized with an amount of Rs. 5,000/- or 1% of the total value of the securities placed on the portal for selling, whichever is higher.
Cancellation and Refund Policy for Buyer
Buyer shall not be entitled to cancel the order placed for buying the shares and securities available on the portal for selling, once the buyer gives confirmation for buying the said shares and securities and in any case Vendor cancel the deal with no mistake of the buyer, buyer shall be refunded with full amount paid by the buyer.