Power of attorney (POA)

[Bhuvan]

@Prakhar_Agrawal

Can’t E-dis be used for selling stock through otp facilities

There a are a lot of issue with e-DIS. Nithin had answered this question a while ago

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. …