I am using motilal oswal trading portal. I am trying to understand Trading portals jargons. There is no enough help around in the portal. So for the basics I came to you Gurus.
every broker makes you sign these papers.. dont worry this is to protect his interests should you default on the margin that he is giving you e.g. if you have stocks worth 1 lakh with him... he will give you a margin on them depending on what the stocks are and upto 4 times the value for intra day trading... so if you make any losses and u dont pay him...then on the 4th day the broker will automatically sell shares equal to your loss ....hence they take POA.... have been with MOSL for 4 years now.... but have now shifted to angel broking...suggest you do the same...they are way better than motilal...
every broker makes you sign these papers.. dont worry this is to protect his interests should you default on the margin that he is giving you e.g. if you have stocks worth 1 lakh with him... he will give you a margin on them depending on what the stocks are and upto 4 times the value for intra day trading... so if you make any losses and u dont pay him...then on the 4th day the broker will automatically sell shares equal to your loss ....hence they take POA.... have been with MOSL for 4 years now.... but have now shifted to angel broking...suggest you do the same...they are way better than motilal...