What is Stoxkart POA?

Stoxkart POA (Power of Attorney) is a document that authorizes Stoxkart to debit shares from the client’s Demat account when anyone transfers or sells them in the market. Anyone who wants to open an account with Stoxkart must submit the signed POA to the broker’s registered office. Notably, if you’re only an intraday or derivative trader then POA is not required.