Can I Sell Shares Without POA?

How can I sell shares without trading account?

With every DEMAT account a “DP slip”* is given at the time.

of opening or you can get it from your broker where the shares are held.

Think of it like a cheque book for stocks only.

You can issue the do slip to transfer shares from your DEMAT to the DEMAT of the Person whom you wish to sell to..

Is POA mandatory for online trading?

Power of Attorney is not mandatory. … If you do not give PoA to anyone, you are the sole operator of your demat account. This is the safest way. Buy this option 1 is not practical in online trading.

What is non POA holding?

Non-POA Clients are those clients who have Demat account with MOSL DP but have not given rights to MOSL to do auto payin of shares whenever there is delivery sell transaction. 2. … It will get credited only after shares are transferred to MOSL POOL account for pay-in.

How do I sell my physical shares of stock?

You can sell your shares directly to the transfer agent. If you have possession of the stock certificates, you’ll need to sign them and send them to the transfer agent, along with whatever paperwork the agent needs. You’ll probably have to include a fee, although some agents may perform this service for free.

How can I sell my shares through demat account?

If you sell your securities through the stock exchange, you will instruct your DP to transfer shares from your demat account to the brokers’ pool account. In case of off market transaction, you will instruct your DP to transfer to the concerned buyer’s demat account.

Can I sell shares without POA in Angel Broking?

Note: Even without submitting the POA form, you can trade with Angel broking as your account has already been opened. However, for long term investments, you can buy stocks but can’t sell while delivery trading if you’ve not submitted POA form.

Is it mandatory to send POA to Upstox?

Power of Attorney is required so that the broker can debit shares from your demat account and submit those to the exchange. … Since Upstox is an online broker, a POA is required during account opening in order to keep your information safe and secure.

Can I trade without POA?

While trading futures and options or intraday equity trading, there is no requirement of the POA. But whenever you sell shares from your demat account or want to pledge them for getting margin for trading F&O, the POA is used to debit the shares from your demat account. … Hopefully this clarifies your doubts about POA.

Can I sell shares directly from CDSL?

No, None of the online stock brokers offer CDSL Easiest facility to its customer. … This means that you cannot sell shares from your holdings using your trading platform because the broker will no longer be able to debit your shares from Demat.