1. Sushma Shivanagi Article Author

      Could you please provide more context or clarify your question? We want to ensure we address your inquiry accurately.

    1. TradeSmart

      Hello Abhijeet,
      Yes, you can trade in options (buy or sell) for overnight without submitting the physical copy of Power of Attorney (PoA).

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    1. Trade Smart Online

      Hello Murugesh,
      We have gone through your query shared over the email. You wanted to update your POA in your account. As mentioned in the above article kindly courier us the dully signed hard copy to our address to update your POA. Meanwhile, if you would like to sell any holdings then kindly refer to our another article on Sell without POA.

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  3. Mukund Sandur

    Hello I received email to courier hardcopy of POA. But due to present lockdown, is there any alternate way to submit the hardcopy of POA

    1. Trade Smart Online

      Hello Mukund,
      Yes, we do have a temporary solution to update the POA. Kindly email us at su*****@vn****.com to know the detailed procedure.

  4. kumar

    Hello !! I received a message to submit POA.So i asked to the person who opened the account for me(may be subbroker).He said yes need to courier your POA form due to lockdown you can mail your POA form to us he added one more point thats is you need to deposit Rs.1500/- .Does it really need to deposit ?

    1. Trade Smart Online

      Hello Kumar,
      We understand your concern with respect to paying Rs.1500. As per the SEBI regulation, clients are required to submit POA physical copy. Considering the present lockdown situation, we are accepting online POA with security deposit of Rs.1500. This deposit is just to make sure we get the physical copy of POA later. Once we receive, physical copy, your amount of Rs.1500 shall be reversed to your trading account. We appreciate your understanding on this part.

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  6. Pradeep

    Is it possible to do positional option selling (not intraday ) without POA, for example is sell option on friday for next weekly expiry and adjust the position on monday, tuesday and square off on wednesday/expiry day.

    1. Trade Smart Online

      Hi Pradeep,
      POA is required for NSE Cash and BSE Cash segments only. You may still continue trading in futures and options segments without POA.

  7. Usha

    No any offction to print documents why I send the power of attorney pls give me any options to send without print out to send the on line documents

    1. Trade Smart Online

      Hello Usha,
      POA is required for brokers to remove shares from your demat account and give the shares to exchange when you sell the shares. POA is mandatory for equity trading. Currently, POA has to be sent through courier. Soft copy is not accepted.

  8. Kamlesh

    But I was totally disappointed by trade smart online app…though my demat account was opened.Received my login credentials but to no avail as I was unable to do fund transfer through this app hence no trading took place .. whenever I tried to do fund transfer n click the submit button it use to take me to next page with a error msg it’s duplicate transaction..n later the fund transfer failed n when I went back to my agent with this concern he was totally clueless nor the support team able to guide me ….wish I didn’t opted for vns finance and capital service for account opening….just got stuck here …the only thing this agent do is following up with u with so much of documentation procedure for account opening but once they receive there account opening fees ..they are totally helpless n clueless as in my case…

    1. Trade Smart Online

      Hello Kamlesh,
      We apologize for the inconvenience caused to you. Considering your issue we have made some changes in the back end in your account for fund transfer. We hope it should work now. In case you’re still facing the issue, please let us know, we shall look into it and provide you the solution.

  9. Kamlesh

    I asked about the chances of POA ever getting misused by company or individual broker since we signed the POA with blank witness and holders names…just in case

    1. Trade Smart Online

      Hello Kamlesh,
      Brokers do not have the rights to use POA other than cases mentioned in the above article. If you found any such instances, you may inform the regulators.

    1. Trade Smart Online

      Hello Ganesh,
      As per the SEBI regulations, whenever you sell the shares we as a broker has to debit the shares from your demat account and give the shares to exchange. Brokers can only debit shares if they have POA signed by client. Hence, POA is mandatory for selling of shares.

        1. TradeSmart

          Hello Vijay,
          The holdings gets updated in trading applications once your authorization is received. You may sell your holdings through any of our trading applications.

  10. Anish Agrawal

    Dear Sir, When I asked for collateral margin funding for trading in future & option it is totally refused by Trade Smart. Please Explain. I am having Rs.115000=00 worth of shares in DP of your company.

    1. Trade Smart Online

      Hello Anish Agrawal,
      Currently, we are providing margin funding for trading/limits against the available cash margin only. We appreciate your suggestion and shall look to implement the same.

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