https://www.taxtmi.com/circulars?id=58585 SEBI clarifies that a client's Power of Attorney to a stock broker or broker-cum-depository participant is optional and must not be a precondition for services. Permitted PoA powers are limited to transfers from the client's beneficial owner account to meet margin, delivery or settlement obligations arising from trades through the same broker, and to apply for or redeem investment products on client instruction with an audit trail. PoAs must list related-party bank and demat accounts, be revocable at any time without affecting prior settlement obligations, and must not enable off-market transfers between non-related parties. en-us Tue, 31 Aug 2010 00:00:00 +0530 Sat, 22 Dec 2018 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58585 SEBI clarifies that a client's Power of Attorney to a stock broker or broker-cum-depository participant is optional and must not be a precondition for services. Permitted PoA powers are limited to transfers from the client's beneficial owner account to meet margin, delivery or settlement obligations arising from trades through the same broker, and to apply for or redeem investment products on client instruction with an audit trail. PoAs must list related-party bank and demat accounts, be revocable at any time without affecting prior settlement obligations, and must not enable off-market transfers between non-related parties. Circulars SEBI Tue, 31 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58585