Today I am not able to sell shares because https://edis.cdslindia.com/ was giving bad gateway error . I no longer opt for this but i will be forced to sell the stock at lower price. What is the way out for this ? This happened second time in a month . I am in bit worry because if it happen in a bad circumstance and I need to sell the share urgently then I may need to sell shares below 20% value
You can pre-authorize the sale of your stock so you don’t have to enter TPIN every time you place a sell order. Read this post to know the process.
I pre authorized just few days back . I believe there is 90 days expiry timeline for this request . I am surprised it again asked me today for CDSL PIN . Kindly suggest other way out. I don’t want to loose money like his.
Did you buy extra shares after pre-authorisation? you will have to repeat the process if you did.
If you want to avoid CDSL TPIN you can submit POA.
I will do today only . Shall I need to courier the signed hard copy or submit by doing digital signature copy ? Do i need to mention anywhere , I submitted POA to avoid CDSL PIN ?
POA is a legal document it cannot be e-signed and requires a hard signature. So you will have to sign a hard copy and submit it to Zerodha at this address.
You don’t have to mention anything.
Just for the final confirmation, After submitting POA I will not be asked for CDSL PIN when I will sell from KIte web and Kite App both . Right ?
Can my wife or other family members witness of my signature?
I found wife shall be competent withness
Was checking it with our team. it is allowed.
True, I am facing same authorisation issue and @siva is looking into it. But for some reason I don’t know my thread is unlisted.
You can sell now. CDSL has resolved the issue.
it worked for two days but now again asking for authorisation for already authorised security.
It is regarding ticket #20200629674913 , I couriered POA and Nomination on 29th June and it delivered successfully to Zerodha on 1st July . I requested for update on 2nd July (5 days ago) but till now I don’t have any update whether POA and nomination updation is completed or not. Can you kindly look into it?
There are people I know who never had to authorize ever again.
While I have to do it every day that I want to sell (even when I haven’t bought any new shares).
And the great CDSL website just keeps giving errors for that particular page.