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Selling stocks without entering CDSL OTP or T-PIN-based e-DIS process is only one of the benefits of opting for DDPI. This is a cumbersome process for many traders to exit their holdings, particularly if you are thinking of automating your investing process using tools like Algomojo.

A Demat debit instruction allows the DP to debit the specified quantity of shares from the investor’s demat account, typically for the purpose of selling them in the stock market. A pledge instruction, on the other hand, allows the investor to pledge their securities as collateral to obtain a loan or credit facility.

In both cases, the investor needs to provide a DDPI to their DP, specifying the quantity and type of securities to be debited or pledged. The DP will then execute the instruction on the investor’s behalf. It’s important to note that debiting or pledging securities without the investor’s authorization is illegal and could result in legal action.

SEBI Circular on Demat Debit and Pledge Instruction (DDPI)

How DDPI is better than POA?

POA stands for Power of Attorney. When an investor opens a demat account with a broker, they are required to provide a POA authorizing the broker to conduct certain transactions on their behalf.

The POA allows the broker to debit shares from the investor’s demat account and sell them in the stock market to fulfill trades initiated by the investor. It also enables the broker to transfer shares from the investor’s demat account to another account, such as when the investor wants to sell the shares to a third party.

However, there have been cases of brokers misusing the POA. In some instances, brokers have used the POA to transfer securities out of an investor’s account without their knowledge or consent or to pledge securities as collateral for loans without informing the investor. This can result in significant financial losses for the investor and can be difficult to rectify.

DDPI is a type of authorization in investing that has specific limitations and purposes. It allows for the debiting of shares only when a user initiates a sell trade and is restricted by the Securities and Exchange Board of India (SEBI) for certain purposes. These include transferring and pledging/re-pledging securities, conducting mutual fund transactions through a Demat account, and tendering shares in an open offer. It’s important to note that effective from November 19th, 2022, DDPI will replace PoA. POA requests updated before 1st Sep 2022, will continue to work as long as the client doesn’t revoke the same

If a client does not provide a POA, they have the option to choose DDPI instead. However, if the client also does not submit DDPI, they will need to submit an electronic delivery instruction slip (E-DIS) each time they make a stock sell transaction. This can become burdensome for the client if they have to submit the E-DIS multiple times.

Membership grants the right to request indemnity in relation to your own clinical practice. However, as an owner or partner in a practice you may be responsible for liability arising from other elements of the business, for example:

In addition, for practices structured as unlimited liability partnerships, partners are jointly and severally liable for actions brought against the partnership, so you may be liable for the actions or omissions of a fellow partner.

It is important to understand that the subscription for an individual Medical Protection member is calculated on the basis of the risk represented by that member alone. In the interests of fairness across the membership as a whole, where you are exposed to additional liabilities (such as those listed above), you do not have the right request indemnity for matters beyond your own clinical practice, unless your membership grade is expressly extended to cover these. There are various additional packages that Medical Protection offers, to help you manage some of the wider risk that you might face in the course of your practice:

Given the typical structure of general medical practices in the UK, we offer additional benefits in the GP membership category, including for solo practitioners and those practising in an unlimited partnership. It is likely that, in addition to the standard benefits of membership, UK GPs would be granted assistance with requests relating to claims of negligence against any of their employed non-clinical administrative staff (e.g. the practice manager, receptionists and secretaries), or in relation to clinical staff such as health care assistants, phlebotomists, and dispensers where it can be shown that such staff were acting under appropriately delegated authority and were adequately trained, supervised, working to practice protocols and not making ‘standalone’ clinical judgments.

Find out more about GP membership

GP practices (structured as unlimited liability partnerships) can enrol in the Practice Xtra programme, which provides discounted membership for other clinical staff, grants membership to certain employed staff in their own right, and gives a practice access to advice on employment law and health and safety, as well as to other risk management services.

Find out more about Practice Xtra

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