Can a broker sell/transfer demat shares technically/practically even without POA?

B

Biker

Active Member
#1
#1
I am wondering since DP and trading would belong one and same entity so is it possible for a broker to sell (even though illegal but just for sack of clarify) shares from demat account of client without POA? Maybe do an off-market share transfer to another demat account?
 
B

Biker

Active Member
#2
#2
With whom the lies the power to grant POA (after the client has signed)... broker's own DP or CDSL/NSDL?

If its broker's own DP who just have to tick mark in system than I guess its easy to sell shares even if client has not given POA (I am talking about the ill fated brokers with malafide intentions to run away.. not the normal brokers)
 
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