POSTED BY September 3, 2013 3:19 pm COMMENTS (8)ON
I want to open a demat and trading acount. I’ll be using it only for equity investing in delievery mode. Zerodha sent a Power of Attorney form alongwith the usual registration and KYC forms. Is is “mandatory” to sign the POA? What are its implications if I don’t sign or if I sign? Can I open a demat/trading account without signing the POA? I’ll only be using web-based platform for investing in shares. I plan to buy shares for mid to long-term like buying today and selling it 2-3 months later or beyond that.
PS: I’m a new investor (I have never invested/traded before).