- DDPI: - It is a document that allows a broker to debit the securities from the client’s demat account and deliver them to the exchange. The client does not have to enter the CDSL T-PIN and OTP to sell shares once the DDPI is submitted.
- Earlier, POA(Power of Authority):- was collected for the same purpose. However, there have been many instances of misuse of POA as:
- by debiting shares without a sell trade,
- breaking POA clauses,
- trading on a client's account based on a POA, etc
SEBI REPLACED POA FROM DDPI (on 19th Nov. 2022): - To prevent misuse of POA(Power of Authority), SEBI through a circular has introduced DDPI, which limits debiting shares from a client’s account only if there’s a sell trade placed by the client.
- To activate the DDPI for the Jainam account:
- download the DDPI (PDF), fill it and courier it to the following address:
Jainam broking limited,
Jainam house,
New Passport Office Road
Piplod, Surat – 395007 |