wealthforumtv

NEED A DISCUSSION AND SOLUTION: WHEN A "POA"HOLDER CAN MAKE INVESTMENTS,EVEN MARK LIEN,REDEEM BEFORE AND AFTER MATURITY - WHY CANNOT "POA" NOMINATE IN MUTUAL FUNDS.THE VERY FACT THAT "POA' IS GIVEN FOR ALL SUCH ACTIVITIES IS BECAUSE THE INVESTOR IS UNAVAILABLE PHYSICALLY TO SIGN FORMS ETC ESPECIALLY NRI'S.-SINGLE HOLDER. AFTER AN INVESTMENT IS MADE BY "POA" FOR AN NRI,IF NOMINATION BY "POA"IS NOT ACCEPTABLE AND BY THE TIME THE NOMINATION FORM IS SENT TO THE INVESTOR AND HIS SIGNATURE IS COLLECTED AND SUBMITTED TO THE FUND,THERE IS A TIME LAG. WHAT IN THE MEANTIME IF SOMETHING HAPPENS TO THE INVESTOR-THE PROCEDURE TO CLAIM THE AMOUNT ESPECIALLY FROM SINGLE HOLDER FOLIO IS NOT ONLY TIME CONSUMING BUT EXPENSIVE ALSO BY WAY OF PROBATE FEES ETC ETC. I THINK NOMINATION BY "POA'S" SHOULD BE ACCEPTABLE ESPECIALLY WHEN "POA" CAN DO ALL OTHER THINGS LISTED ABOVE. CAN SOMEONE GUIDE AND EXPLAIN. THANKS NARAYANAN