POA (Power of Attorney) are required for the smooth functioning of the demat account and mainly used in the following cases.
- To debit the shares from your demat account and provide it to the exchange when you sell the delivery shares.
- To block/create lien/pledge your depository accounts to the extent of the transactions conducted by you and margin required for trading in capital & derivatives segment.
- To debit/credit securities which have been wrongly credited or debited in your demat account.
- To transfer charges levied in your demat account to your trading ledger account of NSE & BSE.
- Download POA form.
- You may courier the filled up POA_DDPI form to our corporate office address mentioned below.
VNS Finance and Capital Services Ltd.
A 401/402, Mangalya bldg, Marol Maroshi Road,
Near Marol Fire Brigade, Marol, Andheri East,
Mumbai – 400059
Important to note:
The SEBI has introduced Demat Debit and Pledge Instruction (DDPI) and was effective from 18th November 2022. This will replace the POA requirement. After 18th November 2022 client has to submit online DDPI only instead of POA.
Can i trade stocks in Cash intraday without POA? currently am doing the same in my existing broker without issue.
Hello Rjuns,
Yes, you can trade in intraday without Power of Attorney (PoA).
Can i sell positional options without POA?
Hello Abhijeet,
Yes, you can trade in options (buy or sell) for overnight without submitting the physical copy of Power of Attorney (PoA).
Can I trade in options without POA?
Hello Yasha,
Yes, you can trade in options without POA.
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@ support@vndfin — I have send mail related PoA,
Please respond
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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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
Hello Mukund,
Yes, we do have a temporary solution to update the POA. Kindly email us at support@vnsfin.com to know the detailed procedure.
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 ?
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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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.
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.
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
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.
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…
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.
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
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.
Just wanna confirm are there any chance of POA be misused by company ever…
without poa can i sell my share
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.
And how to sell those shares?
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.
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.
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.