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Is power of attorney mandatory for Zerodha?

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Is power of attorney mandatory for Zerodha?

A Power of Attorney (PoA) for Demat Account is a legal document that gives limited legal authority to the Zerodha to operate your demat account. PoA is mandatory by all the brokers if you are selling stocks with them online. The PoA can be revoked anytime by the customer.

How can I sell my shares in demat account without POA?

Introducing NSDL’s e-DIS (Electronic Delivery Instruction Slip) in Rocket

  1. Select a stock that you have in your Holding and place a sell order.
  2. Select ‘Confirm’ on the pop up that you get as seen in Image 1 below.
  3. You will receive an OTP to your registered mobile number.

Can I sell shares without power of attorney?

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/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.

How do I sell shares without POA in Iifl?

You can also square off the stocks through Non-POA holding under the ‘holdings’ section, by selecting the stocks you want to sell and authorizing the same via the T-PIN procedure. 4. Once you click on the ‘Authorize Now’ option you will be redirected to the CDSL web page where you will have to insert the T-PIN. 5.

Can I sell shares without POA in Upstox?

At Upstox, the e-DIS (electronic-Delivery Instruction Slip) facility enables you to sell your shares directly without having to courier a physical copy of the POA. Once you click ‘SELL’, you’ll be prompted to give your permission to sell your shares.

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How do you sell holding shares in Iifl?

How to sell shares in IIFL Securities?

  1. Login with IIFL account credentials on IIFL TT Web or IIFL Markets app.
  2. Click on the “Options” menu respective to the stock and press the “Sell” button.
  3. Here, you can place different types of sell orders i.e. market order, limit order, etc.
  4. Confirm the order.

How do I sell shares in NSDL?

Trading in dematerialised securities is done through your broker just like trading in physical securities. You sell your dematerialised securities in any of the stock exchanges linked to NSDL through a broker of your choice.