What is POA ? is it needed to trade at Tradeplus. : Customer Support Portal

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Power of attorney (POA) and why is it needed ?

Modified on: Mon, 1 Aug, 2022 at 10:56 PM

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POA is a document that authorises a broker to debit shares sold from a demat account to deliver them to the exchange. Earlier, customer had to send the POA for seamless transactions in the shares. With the availability of e-DIS now, a customer can authorise digitally before any sell order is placed. When you do a sale transaction in CNC product on the Trading Platform, you will be directed to NSDL eDIS gateway through which you will be required to submit the delivery mandate. Please note that eDIS is by default enabled for your account as soon as your account is opened.

However POA is required to be submitted for doing the following transactions:

1) Non Individual Accounts (Joint Account, HUF A/c, Corporate A/c), to sell shares in Demat Account need to necessarily submit POA

2) To activate Margin Trade Funding (MTF) facility, POA is required

3) To avail pledge shares and avail margin benefits, POA is required

What should I do to submit POA:

Download the attached POA and sign the same in all pages and forward to our office to enable the Power of Attorney in your trading and Demat account.

If you have sent us your POA to our office, it generally takes us between 3 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.

You could send us the POA to the address mentioned below:

Client Registration Department - POA

TRADEPLUS, C/O Navia Markets Ltd

No 9, Ganga Griha, 4th Floor

Nungambakkam High Road

Chennai - 600034 .

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.