No blanket power of attorney: Sebi
The Securities and Exchange Board of India (Sebi) on Tuesday proposed guidelines for incorporating specific conditions in the power of attorney (PoA) given by clients to their stock brokers and depository participants. PoA is an authorisation letter to act on someone else’s behalf in a business...
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SEBI allows registered brokers to deal in MF products
By: munishdung
In a move that could considerably widen the distribution network for mutual funds, Securities and Exchange Board of India (SEBI) on Friday allowed registered stockbrokers to transact mutual fund units on behalf of their clients through the stock exchange mechanism. “The infrastructure that already exists for the secondary market ...
15 days ago
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- News Source: India Abroad | 21 days agoSebi said the PoA would be executed only in the name of a brokerage and not in favour of a sub-broker or an employee. To ensure that the customer was aware of the terms of the PoA, Sebi has suggested that brokers and depository participants either...
- News Source: The Economic Times | 21 days agoThe Securities and Exchange Board of India (Sebi) on Tuesday proposed guidelines for incorporating specific conditions in the power of attorney (PoA) given by clients to their stock brokers and depository participants. PoA is an authorisation letter...
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