POA is not mandatory @ upstox

[EasyMoney]

Now sell your shares without a Power of Attorney letter - Upstox

Zerodha should Also Try

[nirajshukla94]

nice move by upstox

[EasyMoney]

Yes very Nice

[sabkaview]

more easier system is also there in place with brokers whereby you have your demat account with STHL or a cooperative bank , trading account with a broker and financial account with a bank of your choice.
when sold give delivery to broker by nsdl speed e or cdsl easiest and when purchase broker will credit the shares to your demat as per t plus 2.Fund transfer is through neft/rtgc.

[sabkaview]

SHCL ( stock holding corporation of India ltd ) not STHL …

[nithin]

I read that some brokers are opening accounts without a POA, how is this possible?

Today there is a route called e-DIS through which it can be. But there are way too many restrictions on this. How this works is that the broker has to collect an OTP from the client everytime the client places a selling order on the trading platform. Using this OTP as an authorization and without a POA the stock can be moved from client demat to the exchange. But there are a bunch of issues In markets which move fast, taking an OTP before every sell transaction is a horrible user experience. …