Power of Attorney (Poa) in Favour of Iifl Securities Limited
Power of Attorney (Poa) in Favour of Iifl Securities Limited
: 79547959
Voluntary and Limited purpose POA in favour of IIFL for operational requirements as per client authorization/ instruction.
POWER OF ATTORNEY (POA) IN FAVOUR OF IIFL SECURITIES LIMITED
This Power of Attorney (POA) is made by the persons mentioned and costs thereon, exercise and perform all or any of the
in the Schedule 1 in favour of “IIFL SECURITIES LIMITED”, a following acts, deeds and things:
company incorporated under the provisions of the Companies 1. To instruct the Depository Participant, being IIFL to transfer
Act, 1956 in India and having its registered office at IIFL House, securities held in my/our beneficial owner/demat account as
Sun Infotech Park, Road No. 16V, Plot No.B-23, Thane Industrial provided in Schedule 1 or such other demat account as may be
Area, Wagle Estate, Thane - 400 604 and having its office atMG intimated by me/us to IIFL from time to time (“client
Road Amutha Pharmacy, # 21, 1st Floor, Puducherry, 605001 and designated demat account”) to such demat account of IIFL as
Record Keeping Unit at Puducherry. (hereinafter referred to as provided in Schedule 2 and/or designated by IIFL and intimated
‘IIFL’, an expression deemed to mean and include its successors to me from time to time (“IIFL designated demat account”)
and assigns) towards stock exchange related margin/delivery obligations
WHEREAS IIFL Securities Limited is a member of the National arising out of trades executed by me/us through IIFL on any
Stock Exchange of India Limited (“NSE”), Bombay Stock Stock Exchange in any segment including cash, derivatives and
Exchange Ltd. (BSE), Multi Commodity Exchange of India Ltd. currency derivatives segment.
(MCX), & National Commodity & Derivatives Exchange Ltd. 2. IIFL is authorized to facilitate for opening Bank Account and
(NCDEX), bearing SEBI single registration number INZ to operate the Bank Account as provided in Schedule 1 or such
000164132. other Bank Account as may be intimated by me/us to IIFL from
AND WHEREAS IIFL Securities Limited is a Depository Participant time to time (“client designated Bank Account”) to such Bank
with the National Securities Depository Limited (hereinafter Account of IIFL as provided in Schedule 2 and/or designated by
referred to as “NSDL”) and with Central Depository Services IIFL and intimated to me from time to time (“IIFL designated
(India) Limited (CDSL) having SEBI registration number IN-DP- Bank Account”) on my behalf in connection with the trading
185-2016. Account and perform the following functions:
AND WHEREAS IIFL Securities Limited is registered with i. To withdraw or transfer any sums from the bank Account
Association of Mutual Funds in India (AMFI) as Mutual Fund towards any transactions/obligations to the Exchanges/IIFL,
Distributor having Registration no.ARN47791. irrespective of debit or credit balance in my ledger statement
AND WHEREAS IIFL Securities Limited as a part of / incidental to of trading account; ii. To set-off any sum of monies from the
the above emblements, is offering distribution of Initial Public BankAccount against any outstanding amount payable by
Offers/Follow on Public Offers, Offer for Sale, Alternate me/us to IIFL;
Investment Funds, Bonds/Debts, National Pension Scheme and iii. To prepare sign and submit all the forms, statements and
other financial products. declarations as may be required in respect of the Bank Account
ANDWHEREASI/We wish to avail the services offered by IIFL and and collect cheque books/leaves/bank statement from the
has entered into necessary documents (“Client Document”) with bank in respect of the Bank Account opened in connection
IIFL for availing the various services for transacting and/or with the trading/distribution services account opened with
investing in securities or other financial products with/without IIFL.
Online trading/Ebroking & web based facilities and/or services 3. IIFL is authorize to make investments in various “financial
through its website www.indiainfoline.com or any other website products” as described in IIFL distribution service registration
used for offering said Services or directly in my account. Details document i.e. Mutual Funds, Alternate Investment Funds,
of my/our Trading and Demat account and bank account details Bonds/Debts, National Pension Scheme and other financial
with IIFL are provided in the Schedule 2 hereunder. AND products from the funds available in my ledger account with
WHEREAS for facilitating smooth IIFL or Bank Account or redeem the investments from the
investments/redemption/operations of the services as above towards meeting my obligations/ledger debits towards
mentioned hereunder being availed from IIFL by me/us, I/We facilitating my investments/disinvestments as authorized
am/ are desirous of appointing IIFL as an attorney and confer above, I authorize IIFL:-
upon it powers hereinafter stated. i. To enable the transactions through my designated Broking
NOW THESE PRESENTS WITNESS that I/We, do hereby, jointly account/Demat account/Bank account/IIFL ledger account/IPO,
and severally nominate, constitute and appoint “IIFL Securities Bonds & Debts Account/PAN Account/Direct Investment
Limited”(IIFL) being a Stock Broker and Depository Participant account from time to time. ii. To sign/execute/submit
registered with Securities and Exchange Board of India (“SEBI”) necessary application/ instructions/ forms/intimation as may
and AMFI registered distributor of Mutual Funds ad as be required by the respective Fund
distributor of various financial products for distribution of Houses/Institutions/Banks/Issuers etc. through physical or
various financial products acting through any of their, officers electronic or internet platforms from time to time.
and/or agents, as my/our true and lawful Constituted Attorney 4. To make application and/or issue instruction for creation/
(hereinafter referred to as the said Attorney) for me/ us, in invocation/closure of pledge on the securities/units held in
my/our name and on my/our behalf and at my/our risk my/our client designated demat accounts in favour of IIFL for
the limited purpose of meeting the margin/obligations
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requirements in connection with the trades executed by me/us in the units of Mutual Funds from one scheme to another or
through IIFL on any Stock Exchange in any segment including between Mutual Funds and/or otherwise as may be required
cash, stock derivatives, commodity derivatives and currency to deal in the securities or other investment products.
derivatives segment. 10. Pursuant to my/our instruction or instruction of my/our
5. Generally to do all such acts, deeds, matters and things as Authorised Representative, to make applications for or to
may be necessary for or incidental to ensure that all payments renounce and sign renunciation forms in respect of
for and delivery of securities arising out of transactions bonds/debentures, right shares and additional shares of any
undertaken by me/us under the agreements are duly and Company/Body/Authority and to receive and hold such rights
properly completed. or additional shares bonds or debentures.
6. Pursuant to my/our instruction, to make necessary 11. To issue orders and instructions for acquisitions and
applications on my/our behalf to any officials or authorities in disposal of investments for and on behalf of myself/
India, including but not limited to, the Central Government, ourselves and to purchase or otherwise acquire, invest and sell
and/or the Reserve Bank Of India, Income Tax Authority, Stock or otherwise dispose off securities.
Exchanges, Securities and Exchange Board of India in connection 12. To sign the necessary forms and other documents if any
with my/our purchase/ sale/ transfer of the securities, and to and to file the same with the company/ies and/or Mutual Fund
represent me in all respects before such authority/ies and concerned or any other entity for purchase, sell, redemption or
establish without encumbrance the ownership of securities in otherwise transfer of such securities/units of Mutual Funds
my name. and transferring it in my/our name.
7. The term “Securities” shall include shares, scrips, stocks, 13. To forward all such applications placed through the
bonds, warrants, options, futures, erivatives, convertible website to the online-IPO module of the concerned Exchange
debentures, non-convertible debentures, securitized debt or owner/ issuer of Investment Product.
instruments, fixed return investment, equity linked instruments 14. To receive statements and other documents pertaining to
or other marketable Securities of a like nature in or of any the above units/securities and to acknowledge receipt of the
incorporated company or other body corporate, negotiable same.
instruments, usuance Bills of Exchange, deposits or other money 15. To do all such acts and things as may be necessary to effect
market instruments, commercial paper, certificate of deposit, the subscription/purchase/redemption or any other
units issued by Unit Trust of India and units issued by Mutual transaction in any securities and/or Investment Product for
Funds, mortgage backed or other asset backed Securities issued which services are availed from IIFL.
by any institution or body corporate cumulative convertible 16. To debit the purchase price of such securities or any other
preference shares issued by any incorporated company and fees/charges etc. due to IIFL and to discharge all obligation in
Securities issued by any incorporated company and Securities this regard on my/our behalf to IIFL, in my account with IIFL
issued by the Central Government or a State Government for Securities Limited
the purpose of raising public loan and having one of the forms 17. To operate and to give delivery/ receive instructions,
specified in Clause (2) of Section 2 of the Public Debt Act, 1944, borrowing and lending instructions, pledge instructions, pledge
any other new form of capital or money market instruments closure instructions and to do all such other things that may be
that may be issued in the future by any incorporated necessary in the course of business relating to operation of
company/firm/ institution or Government. client designated demat account(s) or towards the obligation
8. Pursuant to my/our instruction (general or specific) or for transactions done through IIFL on NSE, BSE and any other
instruction of my/our Authorised Representative, to apply for Exchange, under my/our instructions.
various products like Mutual Funds, Public issues of securities 18. To execute the share transfer requests given by me/us
including shares, debentures, rights, offer for sale, tendering through the website or any other medium and process the
shares in open offers etc. documents authenticated by authorized signatories
9. Pursuant to my/our instruction or instruction of my/our empowered to do so in this regard.
Authorised Representative, to acquire by subscribing to or by 19. To square off at its discretion my/our position of
purchase of securities or any other investment products and to transactions that are not delivery marked during the day.
sell, transfer and endorse the same or redeem the same or 20. To demand, receive and give good and effectual receipt(s)
otherwise deal in the securities and/or any other investment and discharge(s) for all or any dividends, interest, bonuses or
products including but not limited to Initial Public Offerings, any other sum(s) and/ or income arising from the shares,
Further Public Offerings, Buy Back Offers, Right Issues either debentures, units and other investments and to sign and
through internet using identification number issued by any endorse pay orders, dividend/interest warrants or certificates,
Authority from time to time or otherwise, and/or to sign and to receive all debts, sums of money, principal, interest, dividend
execute all transfer deeds whether as transferor or transferee or other dues of whatever nature or account which are now or
and such other instruments, applications and papers as may be at any time due and payable and belong to me/us.
necessary for acquiring or transferring/ 21. For the purpose of the aforesaid to sign contracts,
redeeming the same, marking pledge/lien on such securities agreements, transfers, acceptances, receipts, or other
and/or for transferring the investments instruments, documents and forms, to accept and carry
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out correspondence with such person(s) or authority/ my/our account(s) with the IIFL.
authorities or department(s) and to do all such lawful acts 31. To receive and deposit the monies realized from sale of the
requisite for effecting the same. securities or any other financial products and all interest/
22. To correspond with and give notice to the corresponding dividends on my/our behalf in my/our behalf in my/our bank
Asset Management Company/Body Corporate/Registrar & account;
Transfer Agent of securities including but not limited to giving 32. To invest/redeem the available credit balance in my /our
instructions with regard to nomination/change in investment ledger account/demat account/bank account in the units of
plans/any other changes that may be necessitated/ instructed mutual fund and/or in such other financial products as per our
by me/ us. instructions;
23. To comply and/or cause to be complied with all statutory 33. To do or omit to do all such acts and things as IIFL may in its
and other requirements attached to or arising out of these discretion consider to be necessary or desirable in order to
premises and for these purpose to take such steps and actions exercise its powers hereunder or to comply with any laws,
necessary or proper, including signing of affidavits, indemnity, orders, rules, regulations or directions of any government or
declarations, legal documents, deeds and writings required. regulatory or other authorities.
24. To send consolidated summary of my/our scrip wise buy and 34. My/Our Attorney IIFL shall not be liable for any loss that
sell positions taken with average rates by way of SMS/ e-mail at may result from failure/inability of electronic connectivity or
my/our registered mobile no./email id as provided by me/ us rejection of my/our application for any reason whatsoever.
through contract note or any other intimation, on a daily basis, 35. My/Our Attorney IIFL shall not be liable for any transaction
notwithstanding any other document to be disseminated as processed on the basis of information provided by IIFL to the
specified by SEBI from time to time. issuers/owners of securities or investment products in the
25. To arrange to return to me/us the securities that may have applications or otherwise based on the information provided by
been received by IIFL erroneously or those securities that IIFL is me/ us.
not entitled to receive from me/ us. AND I/We hereby agree that IIFL shall exercise such powers and
26. For all or any of the purpose aforesaid to appoint from time authorities conferred under the above Power of Attorney only
to time a representative and to revoke such representation but pursuant to the instructions in that behalf given by me/us or
so that the appointment of any such representative shall not my/our uthorised Representative, which may be given orally,
affect or prejudice the rights or powers of the Attorney to act over the telephone, through the internet, electronically or in
hereunder and the Attorney may continue to do so any other manner acceptable to IIFL and such instructions shall
notwithstanding such appointments. 27. To invest the credit be deemed to have been given by me/us and shall not be
balance available in my ledger statement of trading account in questioned by me/us and shall be conclusive and binding on
any financial products as per my instructions; me/ us.
28. To instruct the bank to transfer the funds and debit my / our My/Our “Authorised Representative” for the purpose this
bank account(s) mentioned hereunder to meet with the Power of Attorney shall mean Mr.Pankaj Hemant Kale, or such
following requirement; other person appointed by me/us and intimated by me/us in
i. Towards meeting the settlement obligations / margin writing to theAttorney from time to time.
requirements in connection with the trades executed by me/us AND I/We hereby agree that all such acts done by my/our
on the stock exchange through IIFLas per my/our instruction, above mentioned attorney shall be deemed to be acts done by
ii. To recover any outstanding amount due/debit balance as me/us and if necessary shall be ratified by me/us on the
reflecting in my ledger statement arising out of my trading instructions of the said attorney.
activities on the stock exchanges through IIFL. AND I/WE DO HEREBY CONFIRM AND DECLARE THAT this Power
iii. Towards the payment for subscription of financial of Attorney shall be valid, effective and operative only after the
products/facilities/services through IIFL like Mutual Funds, execution by both parties and acceptance by IIFL and shall
Public Issues (shares as well as debentures), rights, offer of remain in force till my account is in the operation and active.
shares etc. I/We may revoke this Power ofAttorney at any time by giving a
iv. To pay any other monies/fees/charges/cost expenses etc. notice to IIFL in writing and the cessation of this authority shall
due payable to IIFL for availing/subscribing to facilities/ not affect or impair any act thereto done in exercise of these
services availed by me/us. presents.
v. To invest available credit balance in any of financial products Such notice shall be duly signed by me/us and should be
as per my/our instruction to IIFL. received at :
29. To prepare, complete, sign and submit all forms, statements IIFL House, Sun Infotech Park, Road No. 16V, Plot No.B-23,
and declarations as may be required inrespect of operating of Thane Industrial Area,Wagle Estate, Thane - 400 604. I/We
the bank account(s). hereby undertake to ensure that prior to the revocation of this
30. To make, draw, sign, endorse, negotiate, accept and release power of attorney all amounts of debit balances including
as the case may be cheques, drafts, pay orders, telegraphic penalties and other charges & expenses till the date of
transfers/direct transfers on the internet or other securities for revocation due to the Attorney as per its records are paid/
payment of money whether debit or credit in cleared in full.
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This document shall be subject to the jurisdiction of the Courts in Mumbai
MADE and executed at Pondicherry on this ______________day of _______________20_________.
SCHEDULE 1
Name Age Address
First/Sole Holder (Trading Pankaj Hemant Kale 22 MU.POST TARSOD TALUKA JALGAON TARSOD
Account Client) JALGAON 425001 MAHARASHTRA INDIA
GSTN:N
Second Holder
Third Holder
CLIENT’S WITNESS FOR POWER OF ATTORNEY (for and on behalf of the Client)
Witness 1 Witness 2
Name Name
Address : Address :
We hereby agree to exercise the powers conferred upon us in terms of the clauses mentioned hereinabove.
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