+91 22 62 43 43 43   

  • Call Me
  • Open Account
    • Open an Account
    • Fill Online Application
  • Margin Calc
  • IPO
  • Trading Login
    • ProStocks Web Trading
    • ProStocks Web Trading Server 2
    • BSE BEST Web Trading
    • ProStocks I-trade Web Beta
  • Back Office
    • Backoffice Lite
    • Backoffice Advance with Silver Light
ProStocks.comProStocks.comProStocks.com
  • Login
    • ProStocks Web Trading
    • Backoffice Lite
    • Backoffice Advance with Silver Light
  • Home
  • NRI
    • NRI Trading
    • Non-PIS NRO Trading
    • NRI Brokerage Calculator
    • NRI FAQs
  • Pricing
    • Pricing Plans
    • Brokerage Calculator
    • Margin Calculators
    • Trading Account Charges
    • Demat Account Charges
    • Stamp Duty Charges
  • Why Us
    • Why ProStocks?
    • Compare Brokers
    • Refer & Earn
    • Become a Partner
  • Trading
    • Trading Platforms
    • Fund Transfer
    • Trading Holidays
    • Minor Account
  • Support
    • Contact Us
    • FAQs
    • Downloads
    • User Guide
    • Advance IVR
    • Blog

ProStocks Blog

Return To ProStocks

  1. ProStocks
  2. Support
  3. Blog
Blog
23 January 2020
Hits: 3712

How to avoid misuse of Power of Attorney (PoA) by Stock Broker/Brokerages or Relatives?

  • How to protect your shares and mutual funds in Demat Account from Power of Attorney (PoA) holder?
  • How to Freeze and Unfreeze the holdings in Demat Account?
  • How to secure Demat Account even after giving PoA to Stock / Brokerages or Relatives?

This article requires you to register for the easiest facility of CDSL for your Demat Account . Please read our blog on how to register for easiest.

You can log in to your easiest account and use the option to Freeze holding for debit instruction. You can lock holding in your Demat Account in part or full or even part quantity of particular Scrip/ISIN. You may have given PoA to Stock Broker/Brokerage/Relatives, you can make sure that PoA given by you cannot be used for the period, which you may so desire, as ISIN can be frozen and you may unfreeze when you want to sale/transfer particular scrip and quantity. By this process, you can make PoA inactive for whatever period, you would like.

Login to easiest

Login To Easi/Easiest

For that go to CDSL’s website www.cdslindia.com then click on Login-New System My easi (BO/CM) under the Quick Links section. It will take you to the CDSL's Login page.

Login to the CDSL’s easi/easiest account, on the home page there is a menu bar where different options are available.

How to freeze and unfreeze holding?

In CDSL easiest account user will get an option of freeze or unfreeze holding. With this option, the user can freeze the shares in the account. This option is available in CDSL user login under the freeze menu.

CDSL freeze menu

To freeze the ISIN

  1. Go to the Freeze menu then select Setup & click on New Setup

  2. Then select the freeze type. (To freeze whole account select BO & to freeze one or more ISIN select BO-ISIN.) Then select the quantity type Full or Partial. ISIN can be freeze for Debit, Credit or Both. User can set for a Current Date as well as a Future Date

    Freeze New Setup
  3. After filling all the details click on save then the confirmation window will pop up click on OK

    Freeze Confirmation Window
  4. Then a verification window will open again click on ok

    Freeze Verification Window
  5. Then again go to Freeze menu -> Setup

    There you’ll see the holding for which you sent the freeze request

    Then select the holdings and click on commit and give approval

    Freeze List

    The user has the option to modify/delete only those freeze requests which have been set up by the user and which have not been verified by the user.

Unfreeze

Unfreeze option is also available under freeze menu. User can unfreeze only those requests which are currently in a frozen state.

UnFreeze Menu List
  1. Go to Freeze menu then click on Unfreeze & click on Unfreeze Setup

  2. Then select the transaction ID and click on Go to Unfreeze Commit , it will unfreeze the frozen holdings.

    UnFreeze List

    User can also print the acknowledgement copy of their freeze and unfreeze request, by going to Print Acknowledgement Copy in Freeze Menu

    Freeze Acknowledgement Copy

Additional Links:

  • Why Stock Brokers ask for Power of Attorney (PoA) of Demat Account?
  • What is easi, easiest facility to monitor and transact through Demat Account and How to register?
  • How to use easi/easiest for Demat Account of CDSL?


S P Toshniwal
Founder and CEO
www.prostocks.com

People in this conversation

Comments (1)

Sort by Oldest First
Sort by Latest First
Subscribe:
Email
  • Guest - Shrikanth S

    about 8 months ago

    i have shares at 5paisa demat account and would like to transfer the shares to zerodha account. if i do this process through CSDL easiest will it impact anything for future share selling at zerodha? like each sell i need to give DIS slip or so?
    what does below para means

    With CDSL easiest you can transfer shares from one DEMAT account to another online. However, we at Zerodha, recommend using DIS (delivery instruction slips) for share transfers. When you register for easiest, the broker loses the POA over your DEMAT which would mean that you cannot sell shares from your holdings using your trading platform because the broker will no longer be able to debit your shares from Demat. You will now have the POA over Demat as a result of which you will be able to transfer shares using easiest, but this will be a hassle for you in many ways, not advisable. DIS is best for share transfers.

    http://maps.google.com/maps?z=15&q=,
    Share
    Short URL:
    Permalink

Stickies

Lovies

Login to post a comment

Register · Forgot password

Post comment as a guest

    0

    Latest Articles

    Offer for Sale (OFS) 15 January 2021
    Peak Margin Reporting and its Impact 30 November 2020
    ProStocks Pro Trading Platform Goes Live 06 November 2020
    Can I open NRO Non-PIS Trading and Demat Account? 29 April 2020
    Zero Brokerage for Equity Delivery 29 February 2020
    How to avoid misuse of Power of Attorney (PoA) by Stock Broker/Brokerages or Relatives? 23 January 2020
    Stamp Duty Demystified 26 December 2019
    What are the order type available for derivatives market? How trading system works? How order matching takes place? Which order has priority over others? 04 May 2018
    What is easi, easiest facility to monitor and transact through Demat Account and How to register? 29 August 2017
    Difference Between Demat Account and Trading Account 21 June 2017
    ProStocks Advanced Interactive Voice Response (IVR) System 22 May 2017
    ASBA Application for IPO Investment 06 January 2017
    NRI Trading with ProStocks, Step by Step Guide. 01 November 2016
    Overcharging ‘Exchange Transaction Fee’ by Many Brokers in India 20 October 2016
    Time to change your Broker? 25 June 2016

    Request Call Back



    • About Us
    • Fund Transfer
    • Fund Transfer FAQs
    • Downloads
    • Sitemap
    • Testimonials
    • Trading Holidays

    Need Help?

    Mumbai Office:
    B-50, Pravasi Estate, Goregaon (East), Mumbai - 400063

    Call us on +91 22 62 43 43 43

    Email: [email protected]

    Sunlight Broking LLP
    Registered Office:
    146, Center point, Near Somnath, Dabhel, Nani Daman, Daman (UT), India 396210

    Registration Numbers:
    SEBI Regn. No.: INZ000048660 INDP2802016 | BSE Member code: 6635 | NSE Member code: 90084 | CDSL DP ID: 12083200 | AMFI Registration No (ARN): 119535


    Attention Investors

    Prevent unauthorized transactions in your demat account. Update your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your demat account directly from CDSL on the same day.
    Prevent unauthorized transactions in your trading account. Update your mobile numbers/email address with your stock brokers. Receive information of your transactions directly from the Exchange on your mobile/email at the end of the day. This is issued in the interest of investors.
    Client Registration Documents in Vernacular Languages can be download from here.
    Investment in stock market are subject to market risk.
    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.
    KRA-KYC is one time exercise while dealing in securities markets - once KRA-KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund, etc...), you need not undergo the same process again when you approach another intermediary. As a business we don't give stock tips, and have not authorized anyone to trade on behalf of others. If you find anyone claiming to be part of Sunlight Broking LLP and offering such services, please send us an email to [email protected]

    Investor Grievance: NSE | BSE | SEBI | CDSL | [email protected]

    Privacy Policy | Disclaimer | Management Policy and Procedure

    • NSE
    • |
    • BSE
    • |
    • RBI
    • |
    • AMFI
    • |
    • FM
    • |
    • CDSL
    • |
    • SEBI
    © 2019, ProStocks

    ProStocks, A Sunlight Broking LLP Venture

    Please wait while we are processing your request.

    Loading...
    • Login
      • ProStocks Web Trading
      • BSE BEST Web Trading
      • Backoffice Lite
      • Backoffice Advance with Silver Light
    • Home
    • NRI
      • NRI Trading
      • Non-PIS NRO Trading
      • NRI Brokerage Calculator
      • NRI FAQs
    • Pricing
      • Pricing Plans
      • Brokerage Calculator
      • Margin Calculators
      • Trading Account Charges
      • Demat Account Charges
      • Stamp Duty Charges
    • Why Us
      • Why ProStocks?
      • Compare Brokers
      • Refer & Earn
      • Become a Partner
    • Trading
      • Trading Platforms
      • Fund Transfer
      • Trading Holidays
      • Minor Account
    • Support
      • Contact Us
      • FAQs
      • Downloads
      • User Guide
      • Advance IVR
      • Blog

    Request Callback for New Account

    Call Me Now

    For NRI callback, please submit request from NRI Trading