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.
|