Before and after giving PoA, what are the things to be taken care by account holder?

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Are you a day trader?

By giving PoA means you are authorizing someone to operate your account. So you have to be very careful before and after giving PoA to someone. You have to ensure that:

  1. You are receiving all transaction information like contract notes, quarterly statement of fund and securities and margin information regularly.
  2. Keep eye on your bank and demat account in respect of any movement of funds and securities from and to your account.
  3. If you find out any discrepancy, you should immediately inform your stockbroker.


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