Is it mandatory to give power of attorney while opening a share trading account?

Is it mandatory to give power of attorney (POA) while opening a share trading account?

1. Yes, it is mandatory

           

2. No

           

3. Yes, but in some selected cases

Answer:

2. No

Explain: 

Power of attorney (POA) is not  mandatory for opening a share trading account.

Also, You are entitled to revoke Power of Attorney (PoA) at any time

Src: http://investor.sebi.gov.in/