How do I deliver shares that are sold by me if I have not attached POA to my demat account?

Modified on: Thu, 10 Sep, 2020 at 4:10 PM

If you had not given POA to your demat account you would have hindrance in selling shares as it could not be delivered without physical paper.

There is however, a way to transfer shares from your demat account without submitting POA. You may do this through e-depository services, an internet based service which allows you to submit delivery instructions using a service called Speed-e.

You may just transfer shares online using Speed E and your instructions will be downloaded by Tradeplus depository from SPEED-e website to do the needful.

Here is How you can you register for SPEED-E.

a) Register as Password User

b) Register as Smart Card user

Steps to Register as Password User where you may transfer shares up to 3 Clearing Members

Visit https://eservices.nsdl.com/
Select 'New user Registration - Speed E Users' from the left Menu Panel
Fill up the registration form for Password Users
Choose your own ‘User ID’ and ‘Password’
Fill up the registration form and click ‘Submit’ and get an acknowledgement
Take a printout of the registration form and send it to us to our address or email us the form to dpho@naviamarkets.com from your registered email id
On receipt of the form, we will register you as a Password User
You may subsequently operate your account through Speed-e

To Register as Smart Card User to transfer shares to anyone without any limitation

Visit https://eservices.nsdl.com/
Select 'New user Registration - Speed E Users' from the left Menu Panel
Fill up the forms under options provided for Smart Card Users
Obtain Class 2 Digital Signature Certificate.
Submit duly filled up application form to us at our address along with the screen shot of Digital Signature Certificate and self attested copy of PAN Card
On receipt of the form you would be registered as a Smart Card User
Using Smart Card, you can operate your account through Speed-e