Can I Sell Delivery Shares on Angel Broking Without Physical POA?

The requirement for sending a Power of Attorney (POA) can be a bit confusing, especially when you're dealing with different platforms for stock trading. This article aims to clarify the process and answer the key questions about selling delivery shares on Angel Broking, a popular stockbroker in India.

Important Note: While Angel Broking allows you to sell delivery shares without a physical POA, a digital online POA is still required.

Understanding the Process

The steps to sell delivery shares on Angel Broking involve ensuring that you have the necessary margin in your account. Angel Broking does not require a physical POA in all cases, but an online POA is a requirement. This online POA is a consent that allows your broker to sell your stocks without your manual signature.

Purpose of the Online POA

The online POA is a legal document that gives your broker the authority to sell your delivery shares on your behalf. When you attempt to sell any delivery share via the Angel Broking platform, you will be prompted to provide an 'Online POA Approval Consent.' Once you confirm this, the sale can proceed without any further POA requirements.

Time-Saving and Convenience

One of the key benefits of the online POA is that it allows you to sell delivery shares quickly and conveniently without the need for additional paperwork. As long as you keep the required margin in your account, you can proceed with the sale without submitting a physical POA.

Delivering the Shares Timely

After selling the shares, it is crucial to ensure that you deliver the shares to the clearing and depository system on time. Failure to do so can lead to delays or penalties. Always follow the timelines provided by Angel Broking to avoid any issues.

How Does it Differ for Other Brokers?

While Angel Broking follows this online POA process, it is worth noting that other brokers like Zerodha have slightly different procedures. For Zerodha, you can enable this feature through your account profile settings. However, with Angel Broking, the process is more streamlined and requires a simple click of 'I Agree' to confirm the online POA.

Conclusion and Steps to Take

In summary, you can sell your delivery shares on Angel Broking without a physical POA, provided you follow the correct procedures and keep the required margin in your account. Ensure that you follow the online POA instructions and deliver the shares on time to avoid any issues.

Here are the recommended steps to follow:

Ensure that you have the required margin in your Angel Broking account. Log into your account and navigate to the 'Online POA Approval Consent' section. Click on 'I Agree' to confirm the online POA. Proceed with the sale of your delivery shares. Deliver the sold shares to the depository within the specified timelines.

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Disclaimer: This content is for general informational purposes only and does not constitute financial advice. Always consult with a financial advisor for personalized guidance.