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Power Of Attorney News

SEBI Extends Power Of Attorney Ruling Implementation Timeline To August 1

For the power of attorney related provision, the market regulator SEBI has extended the timeline to August 1. The provision was to otherwise to come into effect from June 1, 2020. Earlier to prevent the misuse of power of ...

No Restriction Put On Use Of PoA By Brokers: SEBI

On Tuesday, the market watchdog SEBI cleared that it has not placed any restriction in the use of Power of Attorney (PoA) between a client and a broker in the equity markets. Further it said that the system is currently ...

Karvy Stock Broking Debacle To Cost Brokers’ Clients PoA Privilege: Report

As per the leading business dailies report, soon after the debacle at Karvy's stock broking, broking firms will be in for a chaos as they no longer will be given the privilege to use the clients' power of attorney. Through access ...

Things To Know About Your PoA To Safeguard Your Stock Investments

On 2 December, NSE suspended the trading licence of Karvy Stock Broking Ltd for non-compliance of regulatory provisions. The suspension is on trading in the capital market, futures & options, currency derivatives, debt and commodity derivatives segments. BSE and MCX have ...

Can the Pension Account be transferred to another bank branch or branch?

Yes, for individuals entitled to receive pension amount for their employment with either the state or central government can transfer or are allowed to transfer their pension account from bank branch to another of the same centre or in a different ...