Power Of Atorney

#2
If you don't opt for POA then you have to submit a delivery instruction slip after every sell order in cash market at there branch where u have an a/c after 3.30. Incase you are not able to put instruction slip by next day then your stocks u sold will go for auction....that will be nightmare. As with out delivery inst slip signed by you NSDL can't release ur shares.

regards,
RN@Equity
 
#3
If you don't opt for POA then you have to submit a delivery instruction slip after every sell order in cash market at there branch where u have an a/c after 3.30. Incase you are not able to put instruction slip by next day then your stocks u sold will go for auction....that will be nightmare. As with out delivery inst slip signed by you NSDL can't release ur shares.

regards,
RN@Equity
Religare in their website has mentioned that you must give them a POA for operating Dmat a/c and Bank A/c. Why do they need a POA for bank A/c. This does not seem like normal practise. Could anyone explain this?

Regards
 

supaTrade

Active Member
#4
POA for bank account is not at all required by a broker. Be careful! If their intentions are not good, they can withdraw any amount of money anytime from your account if you sign a POA for bank account. You have been warned!

Religare in their website has mentioned that you must give them a POA for operating Dmat a/c and Bank A/c. Why do they need a POA for bank A/c. This does not seem like normal practise. Could anyone explain this?

Regards
 

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