Master Circular on 'Account Opening' - Version 1 - NSDL

communicationClientParticipants.tofrom5. Power of Attorney registration/ de-registration (NSDL/PI/2000/982 dated June23, 2000):5.1 Sample ClauseA sample clause is given hereunder which if it forms a part of the Power ofAttorney could suffice:"To sell or otherwise deal with or dispose of and to purchase, subscribe orotherwise acquire in any manner from the market or under public or rightsissues or otherwise and accept the transfers of any stocks, funds, shares,debentures, Government and other promissory notes, securities, bonds,debentures, annuities or other mercantile negotiable instruments which shall ormay at any time belong to me or which hereafter be transferred to me, whethersolely or jointly and whether in my own right or having any other interest ofwhatsoever nature and however arising and in any capacity whatsoeverincluding those belonging to others with my name and for such purposes to sign,execute or endorse all instruments of transfer and other documents for anypurpose what so ever by the virtue of these present."5.2 General points regarding Power of Attorney:5.2.1 A Power of Attorney executed prior to the promulgation of TheDepositories Act is valid and enforceable.5.2.2 It is the responsibility of the Participant to verify whether the Power ofAttorney is adequate and sufficiently authorising the holder of the Powerof Attorney i.e., the donee to operate the account of the beneficial owner.5.2.3 Power of Attorney should be notarized in case of photocopy.5.2.4 Depository accounts can be operated both by the account holder(s) aswell as by the Power of Attorney holder i.e. donee. For this purpose,60