Can I sell shares without giving POA on my demat account?

It is easy to sell shares if you had provided POA (before 1/9/2022) or given Demat Debit and Pledge Instruction (DDPI) on your demat account. POA/ helps us to take shares from your account, whenever you sell them in the market, and deliver it to the Clearing Corporation towards pay-in before the cut off time. This is little tricky when your demat account does not have POA/DDPI attached to it. Though tricky, it can still be done through any of the below given options. Note there are separate process to deliver shares from NSDL and CDSL demat account and each of these are explained below 


Options to Sell shares from Non POA NSDL Demat Account


Option 1: e-DIS - Read here to know what is e-DIS and how to use it. This facility is however, currently available only in Rocket Trading Platform


Options 2: E-Depository Services : E-Depository, is 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. You can register for Speed-e as a Password user or as a Smart Card User.


Password User - Options to 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 


Smart Card User - Options to transfer shares 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-
To know more about Speed-e refer here 


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