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Technically a broker can misuse the Power of Attorney (POA) by selling your demat holding without you placing a sell order.
But the brokers are highly regulated entities. Any such misconduct could result in to very high penalties or even loosing the membership of exchange and depository (CDSL/NSDL).
Carefully note that In case of short of margin in your trading account, the broker has rights to sell shares from your PoA enabled demat account without informing you in advance. This is part of the PoA agreement.
Get more detail about Demat PoA:
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