POA is required for the smooth functioning of the demat account. Everytime you sell the shares, we use the POA to debit the shares from your demat account and provide it to the exchange. POA is also used to debit shares from your demat account when you intend to pledge them to get collateral margin for trading futures and options
Why is a Power of Attorney (POA) for Demat Account req
Modified on: Thu, 31 Dec, 2015 at 4:14 PM
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