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10 Dec 2018 | 6:06 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 Broking 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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Copyright 2010 Religare. Trademarks are the property of their respective owners. All rights reserved.
Religare Broking Limited, Registered Office:2nd Floor, Rajlok Building, 24, Nehru Place, New Delhi-110019. Board line number 011-46272400, Fax No. 011-46272447
Broking Business of Religare Securities Ltd ( RSL) has been transferred and vested in Religare Broking Limited ( RBL) , pursuant to NCLT order.
  • Religare Broking Limited (RBL)*:
  • SEBI Regn No. INZ000174330  |  NSE CM, F&O, CD TM Code: 06537 Clearing Member (F&O) No. M50235  |  BSE CM, F&O, CD Clearing No: 3004  |  MSE CM, F&O, CD TM Co: 1051 Clearing Member (F&O) No. 51  |  AMFI ARN No. 139809
  • Depository Participant –
  • NSDL: DP ID: IN 301774  |  SEBI Regn. No: IN-DP-385-2018  |  CDSL DP ID: 30200  |  SEBI Regn. No: IN-DP-385-2018
  • Religare Securities Limited (RSL):
  • 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 |
  • MCX: Member ID - 10575 |
  • SEBI Registration Number- INZ000022334|
  • NSEL Member ID- 10180 |
  • Neml Member ID - 10042
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