Trade Smart Online

some technical problem may be . if i sell a scrip and then want to cover (buy back ) in the same day .that may not be possible in edis
At TradeSmart we don't have any such restriction in case of E-DIS as long as the client has the sufficient margin. Though we can't comment about other brokers we feel it should be the practice adopted by most others too.

However, one scenario needs to be kept in mind. The client may not be allowed to cover (buy back) all shares because after the Peak Margin Reporting we are allowing only 80% sale proceeds for further trading so that means if the client has sold 100 qty and has 0 cash balance then eventually he will be allowed to buyback 80 qty. But this would be applicable for POA as well as non-POA both.
 
Please post details (pros and cons) about E-DIS facility. Thanks
Sorry this took some time. However, here are our thoughts

POA
  1. More convenient and faster as you do not need to enter the pin every time you with to sell
  2. Requires a one time physical document to be sent to your DP (in most cases the broker itself)
  3. More suited for traders who are doing regular delivery based trading as this is hassle free
  4. Sell orders of After Market Orders will be placed without any hassle

Non POA (EDIS)
  1. Would require an authorization to be provided every time you wish to sell a stock
  2. Does not require the one time physical document to be sent to your DP
  3. More suited for investors doing occasional delivery based selling
  4. Slightly safer as the DP can not take out the shares from your account without your authorization
  5. In case of delivery based After Market Order, you may need to remember to give an E-DIS before market opens otherwise the order may get rejected when the order is placed on market opening
 
Sorry this took some time. However, here are our thoughts

POA
  1. More convenient and faster as you do not need to enter the pin every time you with to sell
  2. Requires a one time physical document to be sent to your DP (in most cases the broker itself)
  3. More suited for traders who are doing regular delivery based trading as this is hassle free
  4. Sell orders of After Market Orders will be placed without any hassle

Non POA (EDIS)
  1. Would require an authorization to be provided every time you wish to sell a stock
  2. Does not require the one time physical document to be sent to your DP
  3. More suited for investors doing occasional delivery based selling
  4. Slightly safer as the DP can not take out the shares from your account without your authorization
  5. In case of delivery based After Market Order, you may need to remember to give an E-DIS before market opens otherwise the order may get rejected when the order is placed on market opening
Thanks for details.
Please do a post on procedure, to sell a stock, using EDIS
Thanks
 
Thanks for details.
Please do a post on procedure, to sell a stock, using EDIS
Thanks
Sure. Will do.

By the way, just fyi POA is going away for new accounts from 1st July 2022 as per today's SEBI circular. It'll be replaced with something called as "Demat Debit and Pledge Instruction" which can be e-signed and will not require a physical document to be sent. This can be used for the limited purpose of settlement obligations and pledging repledging.