What is the process to submit a POA/DDPI?

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• What is the use of POA?

  On the base of POA (Power of Attorney) given & Signed by client at the time of account opening or Separately, IIFL Can debit the shares from client’s demat account to settle the pay-in obligation.

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  Power of Attorney (POA) is a document that gives IIFL the authorization to debit your shares from your demat account whenever you sell your shares to settle the pay-in obligation. On the base of POA (Power of Attorney) given & Signed by you at the ...

• Registration of a Transferee account will be a One time ACTIVITY or client need to submit the same for every off market transaction ?

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• What is the process for dematerialization?

  You need to submit Dematerialization request by sending a duly filled up Dematerialization Request Form (DRF) to the DP along with the certificates of the securities to be dematerialized.