Common Mero Share Issues
One typical Mero Share issue is that when you try to sell the number of shares you own, Mero Share prompts you that you don’t own the shares. Mero Share Dashboard’s My Shares section occasionally does not display the shares. Users are unaware of whether merged shares are transferred to their accounts in the case of mergers and acquisitions.
But you don’t have to be concerned about it right now. ‘CDSC has improved Mero Share.’ Mero Share will now display information about which companies have merged and how long it will take those merged companies to finish the process.
If the shares you bought the day before aren’t showing up on your Mero Share Dashboard, you can get a statement from DP.
Shareholders have long criticized CDSC, alleging that shares in their names were withdrawn from the DP without their knowledge. Investors will be less critical today, and Mero share will provide information on when their shares will be issued.
As one investor put it, “There was no information at the time of issuing public shares and placing them in Global when CDSC amalgamated with Janata and Global IME Bank. This is a complete and utter blunder.” What I’ve done is against the interests of investors, and it needs to be fixed immediately.’ He stated that CDSC’s actions would impact people who own Mero share.
Mero share investors have no idea how much their shares are worth, how many lots they hold, how much they lost when they went global, and how much they lost when they went to the CDSC.
Investors have also complained that, although listed in ‘Mero Share,’ shares of any company are not offered through TMS.
Most investors have claimed that they could not sell their shares despite having them in their Demat account.
On social media, investors complained about not being able to sell their shares in CDSC’s ‘Mero Share’ after buying them for 4-5 days.
Another typical Mero Share issue is that CDSC clearing occurs on the third business day. This means that on the fourth day, the broker transmits the shares to the buyer’s Demat account, and the shares are only available for sale on the fifth day. This slows down the process and causes the capital to be frozen. Even when securities are cleared in three working days, it is usually impossible to sell the shares until the fifth day.
Another common Mero Shares issue is being unable to sell shares you hold. Being in closeout is one of the most common causes for being unable to sell shares. If the seller fails to comply with EDIS or DIS, the shares will be closed and not credited to your account.
Another reason is that once the money is delivered to the investor’s account on the third day at 8-9 p.m. and transferred to the share account on the fourth day, only the shares are eligible for sale the next day, on the sixth day. The shares appear in ‘My Shares’ once the broker transmits them to the investor’s Demat account, but they are not eligible for sale.
Another issue is that CDSC’s system and TMS do not communicate in real time. Investors will see shares in ‘My Shares,’ but will be hesitant to sell them through TMS due to the lack of real-time connectivity. Every day at 7 p.m., TMS’s system provider, Vaiko Plc, synchronizes or pulls data from CDSC to TMS, which is saved in TMS. The shares will be available for sale the next day only if the broker transmits them to the buyer’s account before 7 p.m.; otherwise, the system will say short sale when you try to sell.
At 7 p.m. on the third or fourth day, the broker returns the funds to the investor’s account. When an investor fails to pay the broker the sum due after purchasing shares, the shares may remain in the broker’s pool account. The broker’s right not to send shares to the investor’s account is protected due to financial risk.
In these situations, a trader must adhere to market discipline. Each trader and investor must follow a sequence of simultaneous and constant transfers of both shares and money to keep the ecosystem going.
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