Now, execution of ‘Power of Attorney’ is optional for opening demat account: SEBI

In view of instances of misuse of power of attorney (PoA), the market regulator, SEBI reiterated that PoA is optional for opening of client account by stockbrokers or depository participants. Having said that, No stock broker or depository participant shall deny services to the client if the client refuses to execute a PoA in their favour.In view of instances of misuse of power of attorney (PoA), the market regulator, SEBI reiterated that PoA is optional for opening of client account by stockbrokers or depository participants. Having said that, No stock broker or depository participant shall deny services to the client if the client refuses to execute a PoA in their favour.taxmann.com Latest Statutory HappeningsRead More

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