@Finvasia A very basic query about demat...
When a client gives POA for his demat account, than does the broker's DP have to forward it to CDSL to finally get the "rights" to operate the account? Or is this something that a broker's own DP can do it internally?
Once a client gives POA, than who has authority to finally grant rights to DP? CDSL, internal DP, etc??
If the DP itself can grant the rights, than what if some unscrupulous brokers take the rights even without POA?