Buyback share amount not credited to bank

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adrishya

Hi I had applied for mps share buyback. Share has been deducted from my zerodha account but i didn’t receive the amount in my bank. How/where can i check or complain?

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Deal Cadet Deal Cadet
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r u received mail of accepting shares …??

Hunk Hunk
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Company Secretary

Mr. Sunit Malhotra
Company Secretary/CFO/Nodal Officer
MPS Limited
C-35, Sector 62,
Noida – 201 307.
India
Phone No: +91-120-4599 753
E-mail: [email protected]

Compliance Officer

Mr. Utkarsh Gupta
Compliance Officer
MPS Limited
C-35, Sector 62,
Noida – 201 307.
India
Phone No: +91-120-4599 754
E-mail: [email protected]

Registrars

Cameo Corporate Services Limited
Share Registrar & Transfer Agent
MPS Limited
Subramanian Building
No. 1 Club House Road
Chennai – 600 002
India

Registrars

D.Narasimhan
Phone No: +91-44-28460390
Fax: +91-44-28460129
E-mail: [email protected]
Website: www.cameoindia.com

 


source: https://www.mpslimited.com/investors-ove...w/

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raja wrote:

r u received mail of accepting shares …??

Yes it was accepted

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bikidas2060 wrote:


Company Secretary

Mr. Sunit Malhotra
Company Secretary/CFO/Nodal Officer
MPS Limited
C-35, Sector 62,
Noida – 201 307.
India
Phone No: +91-120-4599 753
E-mail: [email protected]limited.com

Compliance Officer

Mr. Utkarsh Gupta
Compliance Officer
MPS Limited
C-35, Sector 62,
Noida – 201 307.
India
Phone No: +91-120-4599 754
E-mail: [email protected]

Registrars

Cameo Corporate Services Limited
Share Registrar & Transfer Agent
MPS Limited
Subramanian Building
No. 1 Club House Road
Chennai – 600 002
India

Registrars

D.Narasimhan
Phone No: +91-44-28460390
Fax: +91-44-28460129
E-mail: [email protected]
Website: www.cameoindia.com

 


source: https://www.mpslimited.com/investors-ove...w/

Should I mail the registrar?

Hunk Hunk
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adrishya wrote:

Should I mail the registrar?

i had some issue with Varun Beverages Limited regarding bonus. These investors relationship personnel are very professional n helpful

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bikidas2060 wrote:

i had some issue with Varun Beverages Limited regarding bonus. These investors relationship personnel are very professional n helpful

Thanks bro

Had mailed zerodha and they said its been credited to my zerodha account instead of bank, dont know why. Anyways I had received amount in zerodha on 8th

KG for the help

Cool Cool
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bikidas2060 wrote:


Company Secretary

Mr. Sunit Malhotra
Company Secretary/CFO/Nodal Officer
MPS Limited
C-35, Sector 62,
Noida – 201 307.
India
Phone No: +91-120-4599 753
E-mail: [email protected]

Compliance Officer

Mr. Utkarsh Gupta
Compliance Officer
MPS Limited
C-35, Sector 62,
Noida – 201 307.
India
Phone No: +91-120-4599 754
E-mail: [email protected]

Registrars

Cameo Corporate Services Limited
Share Registrar & Transfer Agent
MPS Limited
Subramanian Building
No. 1 Club House Road
Chennai – 600 002
India

Registrars

D.Narasimhan
Phone No: +91-44-28460390
Fax: +91-44-28460129
E-mail: [email protected]
Website: www.cameoindia.com

 


source: https://www.mpslimited.com/investors-ove...w/

In case of buyback is it taxable for shareholder?
For example, TCS is buying back at 4500 but i bought at 3600. So is thr gain taxable??

Also, when do we get the amount credited in bank – how long does it take??

Hunk Hunk
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raman12 wrote:

In case of buyback is it taxable for shareholder?
For example, TCS is buying back at 4500 but i bought at 3600. So is thr gain taxable??

Also, when do we get the amount credited in bank – how long does it take??

https://taxguru.in/income-tax/taxation-buy-shar...

🙂🙂🙂

7-8 working days lag raha hai. 🙂🙂🙂


Deal Lieutenant Deal Lieutenant
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raman12 wrote:

In case of buyback is it taxable for shareholder?
For example, TCS is buying back at 4500 but i bought at 3600. So is thr gain taxable??

Also, when do we get the amount credited in bank – how long does it take??

amount will get credited on April 1st

Hunk Hunk
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raman12 wrote:

Biki bhai clear tax saying no tax to be paid by shareholder.
Not able to confirm this, do u have any idea?

company de deti hai tax bhai. Saab kaat kutke milta hai shareholders ko. Toh shareholders ko kuch karna nai hota hai. 🙂

Cool Cool
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bikidas2060 wrote:

company de deti hai tax bhai. Saab kaat kutke milta hai shareholders ko. Toh shareholders ko kuch karna nai hota hai. 🙂

Kaat me milega matlab profit kam ho jayeh?
4500 nahi milega account me?? scream

Deal Lieutenant Deal Lieutenant
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raman12 wrote:

Kaat me milega matlab profit kam ho jayeh?
4500 nahi milega account me?? scream

amount will get credited 4500 only. 

company will pay 20% tax on this amount. 

so amount shareholders will get will be tax free in the hands of share holders 

Hunk Hunk
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raman12 wrote:

Kaat me milega matlab profit kam ho jayeh?
4500 nahi milega account me?? scream

4500 milega bro. 🙂

Cool Cool
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Bk100 wrote:

amount will get credited 4500 only. 

company will pay 20% tax on this amount. 

so amount shareholders will get will be tax free in the hands of share holders 

No further tax to be paid in ITR right?

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raman12 wrote:

No further tax to be paid in ITR right?

no tax to be paid for buyback income

Deal Lieutenant Deal Lieutenant
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raman12 wrote:

No further tax to be paid in ITR right?

yes.

you need to declare this income under exempted section. 

Shopping Friend Shopping Friend
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Bk100 wrote:

Tcs buyback timeline revised. 

New Date for Intimation of Acceptance Ratio : 25 March (Previous 30 March)

*New Settlement Date : 28 March against Earlier Date of 31 March

Nice. Looks like 30% AR possible

Deal Lieutenant Deal Lieutenant
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adrishya wrote:

Nice. Looks like 30% AR possible

around 20% for retail. 

Deal Lieutenant Deal Lieutenant
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Final acceptance  ratio for tcs is – 26% 

Shopping Friend Shopping Friend
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Bk100 wrote:

Final acceptance  ratio for tcs is – 26% 

if i submitted 10 will 2 be accepted or 3?

Deal Lieutenant Deal Lieutenant
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adrishya wrote:

if i submitted 10 will 2 be accepted or 3?

it will be 2

fractions will be ignored. 

Deal Subedar Deal Subedar
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Previous buy back was 100%  , easy tax free profit 😞


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