Comment on POA - Power of Attorney for your Demat account

Nithin Kamath commented on 17 Dec 2014, 07:13 PM

Nirav, the issue for us as a broker is unless you transfer from demat to pool, we will not be able to let you sell the shares. The reason we can’t is because, you could sell the shares and not end up transferring. Also it is a big operational hassle, what if you want to sell in the middle of the day, you will have to first transfer to the pool, let us know, we update on the front end, and only then you can sell the shares. It is quite inconvenient, ain’t it?

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