1. Statutory General Power of Attorney with Durable Provisions
2. Power of Attorney for Care and Custody of Children
3. Statutory Durable Power of Attorney for Health Care
1. Statutory General Power of Attorney with Durable Provisions
2. Power of Attorney for Care and Custody of Children
3. Statutory Durable Power of Attorney for Health Care
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No. You don't need to provide your stockbroker with a signed Power of Attorney at the time of signing up for your trading and Demat account. It is well within your rights to refuse to give them a POA. However, your stockbroker cannot force you to sign one to open a trading or Demat account.
If the Power of Attorney (POA) or Demat Debit and Pledge Instruction (DDPI) is not submitted, holdings can be sold using CDSL TPIN.
Zerodha is no longer collecting POA from clients, as it has been replaced by Demat Debit and Pledge Instruction (PDF) from 19th November 2022. Nothing changes for the clients who have already submitted a POA.
To activate the DDPI for the Zerodha account, download the DDPI (PDF), fill it and courier it to the following address: Activation of DDPI (PDF) can only be done offline in Zerodha. Ensure that the signature on DDPI matches the previously uploaded signature while opening the Zerodha account.
No, a PoA is not mandatory to open a demat account. But it can be beneficial to have one. Investing in the stock market involves two things ? buying and selling. While you can buy shares without a PoA, you cannot always sell a share without a PoA.