registering at sharekhan

sam_kuw

Well-Known Member
#1
Hi ppl,
Im taking my first steps in the world of trading. The broker i chose is sharekhan. While filling the client registration form of sharekhan the rep asked me to sign on 4 non-judicial stamp papers of 20/- . Does anyone know what it is for?
Thanks in advance.
Sameer
 

Sunny1

Well-Known Member
#2
what sign on stamp paper?
do you mean blank stamp paper?

I will say no never do it. better ask other fellows here.
wait for reply from other sharekhan users
 
#3
what sign on stamp paper?
do you mean blank stamp paper?

I will say no never do it. better ask other fellows here.
wait for reply from other sharekhan users
Most likely it is the Power of Attorney u r giving Sharekhan to operate your account on your behalf !
But if u intend to trade online u need to do this otherwise they will simply not open your account. I think this happens to all brokers.
 
Last edited:

sam_kuw

Well-Known Member
#5
Thanks for the replies. Yes i intend to trade online.
But im still uncomfortable signing blank stamp papers.
 

Sunny1

Well-Known Member
#6
Thanks for the replies. Yes i intend to trade online.
But im still uncomfortable signing blank stamp papers.
Hey dont sign blank stamp paper.

If it is POA then it should not be blank. POA is not at all blank stamp paper.
POA is written in detail like what type of POA it is , what rights you are giving to them etc.
so please read POA carefully and then sign it.

I dont think any broker bring blank stamp paper to sign .
 

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