Is POA mandatory for demat?
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Is POA mandatory for demat?
POA document gives limited authority to the stockbroker to debit the shares from your Demat account when you sell a particular stock/share on the stock exchange. POA is a physical legal document, so it needs to be signed and submitted to the stockbroker in the physical form.
Is POA mandatory for broker?
Sebi in April 2010 had said that PoA must not be made a mandatory condition for availing broking or DP services. PoA is merely an option available to the client for instructinghis broker or depository participant to facilitate the delivery of shares and pay-in/pay-out of funds etc.
What happens if you don’t give POA to Zerodha?
If you have not submitted the POA, you will be able to place delivery sell instructions by using the CDSL TPIN.
Is PoA mandatory for online trading?
Power of Attorney is not mandatory. If you do not give PoA to anyone, you are the sole operator of your demat account. This is the safest way. Buy this option 1 is not practical in online trading.
In case you are not able to send the physical copy of the POA, and still need to sell your stocks, you may give us an electronic instruction to debit the shares from your demat account and transfer those shares to our pool account for payin to the Exchange. You can then sell the shares from the trading terminal.
Can I trade in Zerodha without POA?
While trading futures and options or intraday equity trading, there is no requirement of the POA. POA, though not a mandatory document to be signed, is required for smooth operation of your demat account.
Can I sell share without PoA?
/Back Office /Can I sell shares without physical Power of Attorney (POA)? Power of Attorney (POA) is a legal document which is required as per regulations for smooth operation of demat accounts such as debit of shares(selling), pledging, etc. You can then sell the shares from the trading terminal.