Comment on POA - Power of Attorney for your Demat account

Ashish commented on 09 Oct 2017, 11:33 AM

While opening the account , I had to mandatorily sign on the following:
“I hereby request you to kindly accept my verbal orders/instructions, in person or over phone and execute the same. I understand the risk associated with placement of verbal orders and accept the same. I shall not disown orders under the plea that the same were not placed by me provided I am sent ECN/Physical contract notes or trade confirmations through SMS and other approved modes. I indemnify Zerodha and its employees against all trade related losses, damages, actions which you may suffer or face, as a consequence of adhering to and carrying out my instructions for orders placed verbally.”

I want to understand the security controls for verbal orders to ensure they are genuine? If there are none, I want to opt out of any verbal instruction!

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