What are the types of PoA?

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There are two types of Power of Attorney (PoA) in India

Specific or Limited Power of Attorney

Limited PoA could give authority to someone for a limited purpose. This type of PoA makes for any specific purpose and usually ends at a time specified in the PoA document. While giving PoA to your stock broker, please make sure your broker is registered with SEBI.

General Power of Attorney (PoA)

General Power of Attorney authorizes the person to perform all general activities on the behalf of the original holder.

Topic: Power of Attorney for Demat Account Article

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What is Power of Attorney (PoA)?
Is PoA mandatory to participate in Equity Markets / Derivatives Market?
If you choose to give PoA, in whose favor should the PoA be given?
What will be the period for PoA should be given?
What are the things to be taken care while giving PoA?
PoA should be made solely or jointly?
After executing a PoA, does account holder get the copy from stock broker or not?
Is there any family member can authorize the PoA on behalf of account holder?
Before and after giving PoA, what are the things to be taken care by account holder?
Once the PoA given, should the account be operated only by PoA holder?
Can account holder cancel or revoked PoA?
In case of shortage of margin or failure of payment for the securities purchased, will the PoA holder have rights to dispose off securities in the account?

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