A POA is a document that allows a broker to debit shares from the demat account and deliver them to the exchange. Jainam is no longer collecting POA from clients, as it has been replaced by Demat Debit and Pledge Instruction (DDPI - PDF) from 19th November 2022. However, nothing changes for the clients who have already submitted a POA. To know more about DDPI see,What is Demat Debit and Pledge Instruction (DDPI) and how to activate DDPI? DDPI: - It is a document that allows a broker to debit the securities from the client’s demat account and deliver them to the exchange. The client does not have to enter the CDSL T-PIN and OTP to sell shares once the DDPI is submitted. - Earlier, POA (Power of Authority) was collected for the same purpose. However, there have been many instances of misuse of POA as:
- by debiting shares without a sell trade,
- breaking POA clauses,
- trading on a client's account based on a POA, etc.
- SEBI REPLACED POA FROM DDPI (on 19th Nov. 2022): To prevent misuse of POA (Power of Authority), SEBI through a circular, has introduced DDPI, which limits debiting shares from a client’s account only if there’s a sell trade placed by the client.
- To activate the DDPI for the Jainam account, download the DDPI / POA form, fill it and courier it to the following address:
Jainam broking limited,
Jainam house,
New Passport Office Road
Piplod, Surat – 395007
To download INDIVIDUAL DDPI, click here: - WEB
To download HUF DDPI, click here :- WEB
To download CORPORATE DDPI, click here :- WEB
To download MINOR DDPI, click here :- WEB |