PoA should be made solely or jointly?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

PoA should be made by the entire account holders. If the account is in a single name, PoA can make in single account holder name. But if the account is in the name of two or more than two people, it should be created with the name of all the account holders.

PoA will automatically get cancelled in case of death of an account holder. In case of a joint account, the survivor has to execute a new PoA.

Topic: Power of Attorney for Demat Account Article

Comments

Add a public comment...

Find more questions on this topic

What is Power of Attorney (PoA)?
Is PoA mandatory to participate in Equity Markets / Derivatives Market?
What are the types of PoA?
If you choose to give PoA, in whose favor should the PoA be given?
What will be the period for PoA should be given?
What are the things to be taken care while giving PoA?
After executing a PoA, does account holder get the copy from stock broker or not?
Is there any family member can authorize the PoA on behalf of account holder?
Before and after giving PoA, what are the things to be taken care by account holder?
Once the PoA given, should the account be operated only by PoA holder?
Can account holder cancel or revoked PoA?
In case of shortage of margin or failure of payment for the securities purchased, will the PoA holder have rights to dispose off securities in the account?

Ask Your Question