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.
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 Navia 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