Comment on POA - Power of Attorney for your Demat account

Rahul Gupta commented on 19 Sep 2015, 12:49 PM


A lot has already been discussed on the POA. Still, there were instances in the past like IndiaBulls misusing the powers entrusted by it’s clients leading to monetary loss to the customers.

Please elaborate on the restrictive or rather protective nature of a Limited POA as mentioned by you. The links posted above do not have a webpage available currently. I have applied for Zerodha’s DP but has not signed the POA. Now, I have got the mail stating I need to do the same in order to get the account activated.

My dad who is planning to open a trading as well as a Demat account with you has the same concern and is contemplating now as to what to do. An insightful reply would be much appreciated which could instill confidence required in this regard. Thanks in advance!!

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