POA is a legal document that stands for Power of Attorney.
It gives authorization wherein the beneficial Owner/you appoints Swastika as a lawful attorney and grant them permission to conduct transactions and transfer shares on your behalf.
The benefit to have a POA in your account is,
You won't be required to sign any DIS slip on all the transactions and you can easily sell your delivery holding accordingly.
By virtue of the POA, you can get additional money to trade, keeping your existing stock holdings as collateral. This is totally dependent on the Swastika Risk Team's discretion.
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