POA that Makes You Powerless

I read your article on Power of Attorney (MoneyLIFE,  10th April issue) and realised that of the various signatures that I was asked to sign while opening a demat account with my bank, one was to give the bank a PoA. I would like to know what are the powers of the bank vis-à-vis my demat account and associated accounts.
Chitra Dharmaraj, by email

The powers depend on the contents of the...

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    This is with respect to Walter Vieira’s article titled “The Great Divide” (MoneyLIFE, 24th April). The article gives relevant information regarding cultural behaviour at workplaces in different countries. I keep the articles published in the Personal Business column of every MoneyLIFE issue. Each one has a practical example which will help us to be alert when we meet delegates of different...

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    Human beings make history and sometimes do so consciously,” the distinguished historian JM Roberts once wrote. “They can only do so,” he added, “with materials they find at hand, the ideas they and others have confidence in, their notions of what is possible, and what is impossible – in short, within conditions set by circumstance and the past.” If one may be pardoned for introducing a...

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