Power of attorney (POA) and why is it needed ?
Modified on: Mon, 1 Aug, 2022 at 10:56 PM
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.
Client Registration Department - POA
No 9, Ganga Griha, 4th Floor
Nungambakkam High Road
Chennai - 600034 .