What are the things to be taken care while giving PoA?

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At the time of giving PoA, the account holder has to take care below things:

  1. Give only specific or limited PoA. Do not authorize any stock broker to open or close your account.
  2. Clearly specify the period of which PoA is given.
  3. 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.
  4. Confirm the existence of the revocation clause in the PoA document.
  5. Ask your broker to send Contract notes, account statement and demat transaction statement to your address on a regular basis.


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