Before and after giving PoA, what are the things to be taken care by account holder?

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By giving PoA means you are authorizing someone to operate your account. So you have to be very careful before and after giving PoA to someone. You have to ensure that:

You are receiving all transaction information like contract notes, quarterly statement of fund and securities and margin information regularly.
Keep eye on your bank and demat account in respect of any movement of funds and securities from and to your account.
If you find out any discrepancy, you should immediately inform your stockbroker.

Topic: Power of Attorney for Demat Account Article

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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?
PoA should be made solely or jointly?
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?
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?

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