At the time of giving PoA, the account holder has to take care below things:
- Give only specific or limited PoA. Do not authorize any stock broker to open or close your account.
- Clearly specify the period of which PoA is given.
- Do not authorize your broker to do any off-market transaction. Also do not authorize them to make investment decisions, transfer securities and placing any orders.
- Confirm the existence of the revocation clause in the PoA document.
- Ask your broker to send Contract notes, account statement and demat transaction statement to your address on a regular basis.
