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26 Jul 2017 | 8:23 AM
 
Existing Customer

FAQs - Power of Attorney
What is the use of Power of Attorney? Why it is termed as Limited Purpose Power of Attorney?
  Limited Purpose Power of attorney on depository account in favor of Religare Securities Ltd helps in following:
  • Auto transfer of securities (without Delivery instruction slip ) in case of delivery obligation or margin obligations.
  • In applying various products like Mutual Funds, IPO’s pursuant to the instructions of client through online.
  • Trading limits against securities lying in POA based depository account.
The purpose of power of attorney is to act on behalf of client and limit the right of broker/attorney to utilize the same only for discharging customer’s trading obligation, hence it is termed as Limited Purpose Power of Attorney.
   
Can I withdraw power of attorney in my depository account?
  Yes, you can submit a request in writing to any of the nearest branch to withdraw power of attorney in your depository account.
   
I haven’t applied for power of attorney during account activation, how can I request and register Power of Attorney in favour of broker for auto payin?
  You can submit a request duly filling the prescribed application form (available at your nearest branch) along with an executed copy of power of attorney to avail the benefit of auto pay-in.
   
Can I given power of attorney in my depository account to a third party?
  Yes, you may opt for third party power of attorney, however the same should have prescribed clauses as defined under depository guidelines.
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Attention Investors

Prevent unauthorized transactions in your account - Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day - Issued in the interest of Investors.

Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from Depository (NSDL/CDSL) on the same day issued in the interest of investors.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investors account.

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
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Religare Securities Limited, Registered Office:2nd Floor, Rajlok Building, 24, Nehru Place, New Delhi-110019. Board line number 011-46272400, Fax No. 011-46272447
Religare is a registered trademark of RHC Holding Private Limited used under license by Religare Enterprises Limited and its subsidiaries.
  • Member :
  • NSE: SEBI Regn. No: INB 230653732, INF 230653732 & INE 230653732 TM Co: 06537
  • Clearing Member (F&O) No. M50235 BSE:SEBI Regn. No: INB 010653732 & INF 010653732 |
  • Clearing No: 3004 |
  • MSEI SEBI Regn. No: INB260653739, INF260653739 & INE260653732 TM Co: 1051 Clearing Member (F&O) No. 51 |
  • NSDL: DP ID: IN 301774 |
  • SEBI Regn. No: IN-DP-NSDL-150-2000 |
  • CDSL DP ID: 30200 SEBI Regn. No: IN-DP-CDSL-202-2003 |
  • Research Analyst SEBI Regi. No.: INH100001831 |
    Religare Commodities Limited- Registered Office:2nd Floor, Rajlok Building, 24, Nehru Place, New Delhi-110019. Board line number 011-46272400, Fax No. 011-46272447
  • Member :
  • NCDEX: Member ID - 00109 |
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