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
- Once you enter 'Submit' the system will prompt you to print the form
- Take a printout of the registration form and send it to us to our address or Save the form in PDF and email it to us at dpho@naviamarkets.com from your registered email id. Kindly note that this is mandatory to complete Speed E Registration else, it will not be done.
- On receipt of the form, we will register you as a Password User
- You may subsequently operate your account through Speed-e
- 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