NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
Demat POA misuse prevention: Stockbrokers implement a new authorisation method for demat debit and pledge, should you opt for it?Demat account: Zerodha, FYERS and other stock brokers have enabled DDPI mechanism for their customers. This new mechanism replaces Power of...
What is power of attorney, who can it be issued to, can it be revoked, limitationsFind out all about the purpose, usage and flaws of this legal document before issuing it to someone.
Sebi clarifies on guidelines pertaining to instruction slips for share pledging"In view of the representations by and consultations with broker associations and depositories, it has been decided to widen the scope of D...
6 reasons why you should not buy property via Power of AttorneyGoverned under the Contract Act and read with the Power of Attorney Act,1882, a PoA is a legal document through which a person nominates an...
Buying NRI property through PoA? Take these precautionsMany NRIs prefer to sell their properties through a Power of Attorney (PoA) by assigning a person to do the property registration formaliti...
Sebi issues fresh guidelines to curb misuse of clients' Power of AttorneyThe execution of the document -- Demat Debit and Pledge Instruction (DDPI) -- will also be applicable for pledging or repledging of securit...
Sebi bars use of client PoA as margin equivalent from June 1It also said title transfer of securities to client collateral demat account of the trading member for margin purposes would not be permitt...
No restriction on broker’s power of attorney: SebiThe clarification came after a media report said that the market regulator has discontinued the use of POA.
Be careful in executing PoA with stock brokers: NSE tells investorsThe latest communication comes against the backdrop of Karvy Stock Broking case.
How brokerages misuse clients’ power of attorneys & how can investors protect themselvesThe shock wave is not limited to such clients alone, but also to the lending community.
Sebi declines Karvy's plea to use PoA for settling clients' pay-in obligations to exchangesSebi had barred Karvy from taking new clients in respect of its stock broking activities.
Parsvnath Exotica project in Ghaziabad on shaky groundLand owner Devidayal Aluminium Industries (DAIPL) has cancelled the power of attorney (PoA) for the plot and sent a legal notice to Parsvna...
Conviction rate in PoA cases on decline between 2011 and 2013While a total number of 39,346 cases were registered under the PoA in 2013, 33,592 and 33,652 cases were recorded in 2012 and 2011 respecti...
- Power of attorney & Letter of authority: Points of distinction
No, there's a difference between the two authorising documents. This depends on the nature of work and the manner in which it is to be exec...
- ET in a classroom: Power Of Attorney
A power of attorney (PoA) is an instrument in writing empowering a specified person to act for and in the name of a person executing it.
- Govt plans to pull the plug on power of attorney
In a bid to encourage property registration and freehold ownership, the government is planning to direct states to disallow sale of propert...