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What is the purpose of a power of attorney (PoA) and why is it required?

When you sell shares within market hours, your (sellers) account is debited, and the shares are delivered to the buyer. To debit these shares from your Demat account, we'll require your Power of Attorney (POA).


There is one additional possibility to sell shares from your DEMAT without submitting the POA for an individual account. To place a sell order, you can use CDSL TPIN. The CDSL TPIN feature is not available for corporate or partnership Demat accounts.