Where can I find the POA (Power of attorney)?
You can download the POA here. The POA requires to be signed and couriered to our office as this document has to be franked.
The POA is to allow your broker to debit shares from your demat account when you sell them on the exchange. If you have not submitted the POA, you will be able to place delivery sell instructions by using the CDSL TPIN. This mode of consent has a restriction of a maximum of Rs 1 crore of sell transactions per day. The off-market transfers are limited at Rs. 2 lacs per scrip and Rs. 10 lacs overall per day.
If you have a portfolio of over Rs 1 crore and wish to sell more than Rs 1 crore of stocks from your holding in a day, you will have to send us the POA. Similarly, for pledge transactions or mutual fund transactions through Coin greater than the off-market limit you will need to send the POA.