Comment on On the Karvy Issue

Dinesh Jain commented on 29 Nov 2019, 11:28 AM

Dear Nithin ,

Have gone thru the above details given in the blog . Still Have few questions :

a) I was made to sign POA ( power of attorney ) while opening an account with Zerodha . Does this document gives you a right to pledge my security for your business purpose . If no then in what context Karvy clause is different here . Would like to understand little better

b) Till the time my securities are used only to settle my obligations for dealing on your platform , it is ok but if it is open to be used for your business purpose then we have to evaluate pros and cons .

Request your views basis what is written in POA document . It is a different issue whether it is used or misused by broker firms .


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