Professional Documents
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Sub: Voluntary Renunciation of some of the powers granted by you vide Power of Attorney (POA) executed in
favour of Karvy Stock Broking Limited (KSBL)
Dear Customer,
1. SEBI vide its circular no.CIR/MRD/DMS/13/2010, dated April 23, 2010 have issued guidelines for execution of
POA by the clients in favour of Stock Brokers and Depository Participants.
2. As our client, you have provided us a designated DP account and voluntarily executed a POA in our favour
granting us various powers including rights to operate your designated demat account opened with KSBL (DP).
3. The objective of this POA is to ensure seamless transfer of shares from the designated DP account for meeting
Pay-In and margin obligations and to facilitate execution and completion of modalities with respect to
investment products offerings facilitated by KSBL.
4. We wish to inform you that some of the authorizations given by you vide captioned POA, which are
inconsistent with the new SEBI guidelines issued vide aforesaid circular, will stand revoked and cancelled with
immediate effect.
5. The Powers conferred upon us through the captioned Power of Attorney in respect of operation of DP account
shall be used only for the purpose of operation of aforesaid designated DP account for transfer of securities
towards pay-in and margin obligations.
6. The Transfer of securities from your DP account, on your behalf, shall be restricted to the following destination
DP accounts of KSBL.
NSDL SEBI Regd no – IN-DP-NSDL-247-2005. DP ID: IN300394/IN301557/IN301926/IN302470 "KARVY HOUSE", 46, AVENUE 4,
STREET NO. 1, BANJARA HILLS,
CDSL SEBI Regd no – IN-DP-CDSL-305-2005. DP ID : 13014400
HYDERABAD - 500 034.
MEMBER : NATIONAL STOCK EXCHANGE OF INDIA LTD. SEBI REGISTRATION NO. INB 230770138
7. We do not intend to use this Power of Attorney for operating any of your bank accounts.
8. We shall not appoint, recognize or assign any sub-agent and/ or delegate any powers under the captioned
Power of Attorney to any person or entity other than our employees.
9. You shall have the power to revoke the said Power of Attorney at any time without prior notice but under
intimation to us, subject to your fulfilling the pay-in and margin requirements of outstanding settlements and/
or other obligations with respect to transactions undertaken in your trading account with us. In this behalf
please note that any communication for forthwith revocation of the power of attorney shall be forwarded by
you to us at the following address, failing which such revocation shall not be binding on us.
Address for the purpose of serving the notice for revocation of the power of attorney.
10. All other clauses and powers granted as per the captioned POA executed by you in our favour, shall continue to
be in effect, unchanged. We request you to take note of the same. In case, you wish to execute & register
a fresh POA containing the required modifications as above, we request you to contact our nearest branch for
a draft of the same.
11. This intimation is being mailed at your latest e-mail / postal communication address available with us as per our
records with the primary objective to apprise you of and to comply with the standard norms enunciated by SEBI
vide the captioned circular.
12. For any further clarifications, please drop in a mail to igksblsb@karvy.com or call us on toll Free No. 1800 425
8283 by quoting your trading account with KSBL and designated DP Client Account with KSBL DP.
Yours truly,
Murali Govind
(Vice President)
NSDL SEBI Regd no – IN-DP-NSDL-247-2005. DP ID: IN300394/IN301557/IN301926/IN302470 "KARVY HOUSE", 46, AVENUE 4,
CDSL SEBI Regd no – IN-DP-CDSL-305-2005. DP ID : 13014400 STREET NO. 1, BANJARA HILLS,
HYDERABAD - 500 034.
MEMBER : NATIONAL STOCK EXCHANGE OF INDIA LTD. SEBI REGISTRATION NO. INB 230770138