What is Power of Attorney (PoA)?

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A Power of Attorney is an authorization letter that allows a person to represent or act on someone else's behalf. It is a written document which declares that Person A authorizes Person B to take important decisions on behalf of person A in legal matters.

Topic: Power of Attorney for Demat Account Article

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Is PoA mandatory to participate in Equity Markets / Derivatives Market?
What are the types of PoA?
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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