How to sell shares without a physical POA?
At Upstox, the e-DIS (electronic-Delivery Instruction Slip) facility enables you to sell your shares directly without having to courier a physical copy of the POA. Once you click ‘SELL’, you'll be prompted to give your permission to sell your shares. An OTP will be sent to your registered phone number and Email ID. This ensures that your financial information remains secure.
Once you authorise the transfer by entering your OTP, you'll be allowed to sell your shares. Rs. 75 lakhs is the daily limit as advised by CDSL for selling your holdings.
This e-DIS facility is available only on Upstox platforms (Web, Android, iOS) and not on third-party platforms yet. However, while you can use the e-DIS facility for delivery trades, it is not yet available for intraday trades.
You can see the option of e-DIS only in the following scenarios:
- When placing a SELL order.
- When modifying a SELL order that is marked as Delivery.
- When changing a short position from Intraday order to Delivery.
If you do not wish to see the option of e-DIS while trading, then you will need to courier the physical copy of the POA form to our corporate office address. Here's a sample POA that you can take a look at before filling out the form.