Comment on POA - Power of Attorney for your Demat account
commented on
28 Apr 2017, 11:22 AM
Nitinji,
Thanks for detailed explanation around POA. Just in very unfortunate case, if we assume that Broker house (Zerodha in this case) had gone in bad financials and need huge amounts to pay off (this is hypothetical case / imaginary case). Can you sell all stocks in customer Dmat account using POA (without consent of customer) to payoff your losses.
How as as customer, I should feel safe, as we have given POA for smooth online operation.
Hope you are not taking this as personal on Zerodha but generic concern.
Thanks