DDPI stands for Demat Debit and Pledge Instruction. Before we understand DDPI, let’s first see what a power of attorney is for a demat account. What is Power of Attorney (PoA) for a demat account? A Power of Attorney (PoA) is a document that a client submits to a broker, giving the broker permission or […]
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A Power of Attorney is a document between two or more people where a person (the principal) gives another person (their agents) the authority to conduct financial, medical or private matters in the principal’s name. It is a legal document allowing someone else to act on your behalf. It is governed by the provisions of the Power […]
Imagine finding yourself in a situation where you cannot manage your investments due to illness or accident. Suddenly, the need for cash arises, but you’re incapacitated, unable to initiate transactions. Even worse, your nominee, typically designated to handle such matters in your absence, finds themselves powerless. Thankfully, the Securities and Exchange Board of India (SEBI) […]
Traders, Each one of you when opening a demat account with an online broker would have had to sign a POA (Power of Attorney). Sounds like a very serious document and hence arises a lot of questions from investors on why exactly you are signing this piece of document. My first recall of the acronym […]
