Trade plus will check the demat account of the client based on the email request received from the clients for Buy Back for the eligible quantity is available or not. If the quantity is lesser than the quantity mentioned, the request will be cancelled and fresh request should be placed.
Further, if the client is not provided the Power of Attorney (PoA) in favour of Tradeplus, the said request will be rejected with the reason and requeting client to provide the delivery instruction duly filled for transfer of shares into the clearing corporation for submission of shares to participate in buy back.
If the PoA is available, Trade plus will transfer the shares to the clearing corporation and also place the order in the exchange platform. Necessary confirmation of order placing will be sent to the clients through email on the same day of placing orders to the exchange platform.