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Power of attorney for shares trading.
mwana
#1 Posted : Wednesday, October 21, 2009 4:04:00 PM
Rank: Member


Joined: 6/4/2007
Posts: 35
Hello,
If I am out of the country and want to give a parent or sibling power of attorney to purchase shares on my behalf,how would I go about it?

Mainat
#2 Posted : Wednesday, October 21, 2009 7:22:00 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
You just need to do a letter of authorisation and get it notarised by a notary/lawyer. Its basically like a stamp that is put on the letter.

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
mwana
#3 Posted : Wednesday, October 21, 2009 8:29:00 PM
Rank: Member


Joined: 6/4/2007
Posts: 35


Thank you.

Can you write a sample,or show me a link to a sample letter. I don't want to write it,mail it via fedex or dhl,then those brokers tell me I need to re-do it for some reason.

Do I have to include copies of passport Id,e.t.c
Mainat
#4 Posted : Thursday, October 22, 2009 4:20:00 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
'To Mr/s Another

Dodgy Broker

Nbi



REF: CDS Account No: 007

I Mwana being of sound mind and body,hereby give authorisation to Baba Mwana to buy and sell shares on my behalf in relation to the above CDS Account until further notice.

With regard to this,please find attached the following documents:


A copy of my passport/id (the exact document you used to open the CDs Account)
A copy of Baba Mwana's passport/id (the one he will be using to visit the broker).

Your speed in expediting this is appreciated.

Thank you in advance,

Your sincerely,



Mwana'



Google or get help from the honourable errm lawyers in house for improvements....


www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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