Sebi extends power of attorney norms implementation date to August 1
Business | May 30, 2020, 10:46 AM ISTIn a bid to curb the misuse of power of attorney (POA) given by the clients to the trading member (TM) or clearing member (CM), Sebi had prescribed that margin obligations to be given in the form of securities by the client will be by way of pledge or re-pledge in the depository system.