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The Times of India
The Times of India
Business
PTI

Sebi issues fresh guidelines to curb misuse of clients' Power of Attorney

SEBI New Delhi

NEW DELHI: To curb possible misuse of Power of Attorney (PoA) given by clients to stock brokers, Sebi on Monday came out with fresh guidelines wherein execution of a new document will be made compulsory for transfer of securities towards deliveries and settlements.

The execution of the document -- Demat Debit and Pledge Instruction (DDPI) -- will also be applicable for pledging or repledging of securities.

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