The case of the complainant that he purchased some share through the dealer of Religare Securities , having his client ID and Code . He has account in Axis Bank which was linked with Religare till 20.11.2012. The Opposite party purchased for the complainant and also sold the same without consent of the complainant. The complainant came to know from the DMAT account that major irregularities was caused by the oP and continued their sanction without the consent of the complainant. The total amount of share transaction made by the op is Rs.1,27,037/- of different share. The Op did not inform the complainant regarding this transaction . The complainant has bear with the loss but he has not given profit having requested the op did not bother to help the complainant for his loss. Hence, this case.

            The Op filed Written version denying all material allegations contending that the case is not maintainable . This Forum has no jurisdiction to entertain the complaint as the complainant is not a consumer.            

POINTS FOR DECISION :

1. Whether the complainant is a consumer ?                                             
2. Whether there is any deficiency in service on the part of the oP ?
3. Whether the complainant/petitioner is entitled to get relief as prayed for ?

DECISION WITH REASONS :

Point no.1

       The Consumer Protection Act , 1986 has defined the consumer which runs as follows :

 “consumer” means any person who –

1. Buys and goods for a consideration which has been paid or promised or partly paid and partly promised, or under any system of deferred payment and includes any user of such goods other than the person who buys such goods for consideration paid or promised or partly paid or partly promised, or under any system of deferred payment when such use is made with the approval of such person, but does not include a person who obtains such goods for resale or for any commercial purpose ; or
2. (hires or avails of) any services for consideration which has been paid or promised or partly paid and partly promised, or under any system of deferred payment and includes any beneficiary of such services other than the person who )hires or avails of) the services for consideration paid or promised, or partly paid and partly promised, or under any system of deferred payment, when such services are availed of with the approval of the first mentioned person (but does not include a person who avails of such services for any commercial purpose ).So the complainant is not a consumer within the purview of the C.P.Act.

Point no.2 and 3 :

           Since the complainant is not a consumer so we are of opinion that there is no need to discuss the point no.2 and 3.

                                                       Hence it is ordered

That the complaint case no.67 of 2015 be and the same is dismissed on contest .

Let a copy of this order be made over to the parties free of cost.