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.
Related Articles
Can we activate POA for demat debit
You can not activate POA now for settlement and margin pledge transactions. Existing clients which already had POA mapped will continue to be valid.
Can we activate POA for demat debit
You can not activate POA now for settlement and margin pledge transactions. Existing clients which already had POA mapped will continue to be valid.
How to use Option Chain?
There are multiple ways in which clients can use option chains for trading. Some of the ways are - To know the Support/Resistance of the underlying based on OI. Check the OTM contracts that have the highest OI for both Call and Puts. The strike price ...
What is power of attorney (POA) & why is it needed?
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 ...
Can we activate POA if a client is having debit in his demat account ?
You can not activate POA now for settlement and margin pledge transactions. Existing clients which already had POA mapped will continue to be valid.