Why have I received an email update for my Power of Attorney document?
Pursuant to recent regulatory changes vide Circular (dated August 27, 2020); SEBI, Exchanges, Clearing Corporations and Depositories have put in place a Pledge / Re-pledge mechanism whereby the securities would not be withdrawn from your account for meeting your margin obligations, but the securities in your account would be pledged in Zerodha's favour and further pledged to the clearing member / clearing corporation. It may be noted that securities would continue to be withdrawn from your account for settlement obligations.
Due to this regulatory change, Zerodha has updated its Power of Attorney document to stay in line with all such amendments.
In case of any further queries, please create a ticket below.