What is power of attorney (PoA) and why is it needed ?

What is power of attorney (PoA) and why is it needed ?

When you buy shares through the offline or online trading account, mastertrust doesn't need a PoA, as the shares are transferred to your Demat account.
But, when you sell the shares online, PoA is required as it is a document that authorizes us to carry out the obligation (debit your shares from your DEMAT account) on your behalf and margin purpose.

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