Well...nac
that's my question....you see....we should....if we give POA to the second broker...
point is demat account is not held with the broker....its held with NSDL....
if the broker is holding POA on the account....he can do everything on a NSDL account opened by other broker, that he can do on an account opened by himself. Of course, the depository should be the same as being used by himself (CDSL/NSDL....or maybe not).
Any broker on board.....would you shed light on why brokers dont allow margin on depository account opened through other brokers (but with same depository as themselves), even though a POA is given to them?
Sanjay.
that's my question....you see....we should....if we give POA to the second broker...
point is demat account is not held with the broker....its held with NSDL....
if the broker is holding POA on the account....he can do everything on a NSDL account opened by other broker, that he can do on an account opened by himself. Of course, the depository should be the same as being used by himself (CDSL/NSDL....or maybe not).
Any broker on board.....would you shed light on why brokers dont allow margin on depository account opened through other brokers (but with same depository as themselves), even though a POA is given to them?
Sanjay.