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Power of Attorney (POA) for Demat Account is the legal authority given by you to your broker for operating your demat account. POA is used to debit shares from demat account whenever you sell shares or want to pledge them for getting margin for trading F&O. Demat POA is not needed when you buy shares and also for F&O trades.
It is a form to be filled and signed along with demat account opening form. You do not require to have POA on any separate stamp paper or anything. It is also not mandatory to authorize broker with POA for demat but it is highly recommended and in your favor to do so. It ensures smooth and hassle-free online transferring of shares from your demat account.
There is no POA associated with a trading account.
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