PoA is a document which gives us the authorization to debit your shares from your DEMAT account whenever you sell your shares.
If you have not submitted the PoA form, you will not be able to see the shares you have purchased under holdings. You will also not be able to sell them. To open a Demat Account with Tradeplus, submission of physically signed PoA is mandatory. PoA cannot be e-signed. Further, shares lying in your demat is also considered for providing trading limits based on the PoA provided for your DEMAT account.
If you have sent us your POA to our office, it generally takes us between 48 working hours for it to be linked to your account after receiving it. However, in some cases, it could take longer as the PoA needs to be franked, which is a process beyond our direct control and may take longer than expected.
You could send us the PoA to the address mentioned below:
Leads Processing Team (LMT)
TRADEPLUS, C/O Navia Markets Ltd
No 9, Ganga Griha, 4th Floor
Nungambakkam High Road
Chennai - 600034 .
You will still be able to trade intraday in Equity and Futures and Options.
Note: The hard copy of the POA has to be sent because they have to be 'franked' (stamped). Due to which soft copies of the POA isn't accepted.