The SEBI has introduced a circular regarding the execution of Demat Debit and Pledge Instruction (DDPI) which will replace the POA (Power of Attorney). DDPI is an authority a client gives to the broker and to the depository participants for the purposes mentioned below. This is effective from 18th November 2022. How to Opt For DDPI? […]
Articles Tagged: POA
Can I sell shares without submitting DDPI form?
Demat Debit and Pledge Instruction (DDPI) is a legal document which is required as per regulations for smooth operation of demat accounts such as debit of shares when stock is sold and participated in tender offer (buyback/takeover/delist), pledging/re-pledging, debiting Mutual Fund from demat account etc. Until we’ve received your DDPI, the stocks/bonds in your demat […]