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The Managing Directors of Stock Exchanges and Depositories

The Managing Directors of Stock Exchanges and Depositories 2025

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The document is a circular issued by the Securities and Exchange Board of India (SEBI) outlining guidelines for the execution of Power of Attorney (PoA) by clients in favor of stock brokers and depository participants. It emphasizes that while PoA can facilitate trading and fund management, it should not be mandatory for clients to receive services. The guidelines aim to standardize practices regarding PoA, ensuring client rights are protected, including limitations on broker authority and requirements for transparency and revocability.

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