Comment on POA - Power of Attorney for your Demat account

Deepak Bansal commented on 16 Dec 2016, 11:07 AM

Hi Nitin,

I in fact torn off yesterday filled form to open account with Zerodha as your executives were unable to reply to my queries on PoA. I have gone through the whole PoA, it is not specific or limited PoA, by reading PoA, PoA is GENERAL in nature covers everything. Logically you should take only Specific PoA where you have right to debit/credit stocks from demat on specific trade by investor and not by anybody else.

Would be happy to become part of your revolution if there s Specific PoA, can’t sign on any GENERAL paper for saving some brokerage.

Your specific reply is welcome.

Deepak Bansal

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