DOMS Industries Limited IPO Message Board (Page 23)

Working 3rd party upi

Working 3rd party

It worked for me once.

Most probably third party application will reject .

​@RYUK It worked in Tata and Ireda as these IPO'S were opened before 1 Dec

From 1 Dec, all 3rd party applications will be rejected as per the rule introduced by SEBI

🙏

What are third party UPI
Please let me know

why you are skipping DOMS? Is it due to less chances of allotment?

Simple and plain rule, earn crores of rs and pay taxes. Pay taxes or take risk of scrutiny. Share bazaar sHNI is tiny one among all in IT.

​@Krishna T ✨  Thank you Sir! for your response. Like I said, I've been paying taxes. But the system is flawed. They've been charging interest on the taxes paid back in time. They wouldn't acknowledge even as I've tax deposit receipts issued by PSU banks. This is why I was wondering whether they send notices invariably to all SHNI alllottees or not? I'd appreciate if someone (allottee ofcourse) can shed light on this part.

​@Nothing New The answer is no.

IT will send scrutiny notices only to those whose returns does not justify. It doesn't matter how much big application you are doing, even 50L or 1 Cr.

The only thing matters is you should able to justify that the amount you applied for. If yours than you have fully paid tax on that and if you have borrowed from someone than appropriate entries are there in banks.

In past I have applied many BHNIs but I never get any notice from IT.

PS: I always take care to show all small incomes like SB Interest, Dividends etc..., to avoid any risks and to be clear from IT.

​@P Patel  and @Krishna T ✨  Thank you! so much for clearing my doubt.

There are some rules by sebi, one of them is the company should be profitable for past 3 years on date of ipo, only then they can have 35% retail. And if not then 10%. various rules on asset side also i believe. You can get the doc on sebi website. Cheers

Agar koi bhi company pichhle 3 years me se koi bhi 1 year loss karti hai to retail invester ko protect karne ke liye sebi ke rules ke mutabik voh company 10% se jyada retail portion ipo me nahin Rakhi sakti.

​@UjwalG @Ajaysinh Jadeja Thanks for the clearance.