Power Of Attorney Sample Document India

It is specially drafted for india.

Power of attorney sample document india.

The power of attorney is to be executed on a non judicial stamp paper of the requisite value as per the stamp duty prevalent in the respective state rs. In essence a power of attorney gives the designated person the power to execute deeds or sign certain contracts on your behalf. The attorney in fact an attorney in fact is an agent who is resolving your issues on your behalf. This general power of attorney template gives complete discretion to the the attorney in fact i e.

Requirements for executing general powers of attorney may vary from state to state to country to country and if you are in doubt about how to execute this document you should. A power of attorney form is a legal document completed by an individual principal to appoint someone else to act on their behalf agent or attorney in fact. Register power of attorney in india. The person appointed referred to as an agent or attorney in fact and the person who appoints is known as the principal.

Adobe pdf ms word docx. The recipient of the power however it can be revoked at any point. Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. The agent may be able to handle financial medical guardianship or tax related matters.

The powers are durable which means the form remains valid even if the principal should become mentally incompetent. A power of attorney poa is a document that is given to another person chosen by you the power to undertake acts or deeds when you cannot physically be present. This general power of attorney form is drafted by our legal and law experts. Special power of attorney sample for property management in india by nri.

For services of legal format drafting and vetting of legal documents we are providing full support through our well connected legal help club. This general power of attorney format or power of attorney format for a property is available in pdf and docs format for free download. Print on plain a4 paper 2 witness sign your sign register in registrar office. A power of attorney comes into play at the event of the principal s illness or disability or his unavailability to sign necessary legal documents for financial transactions.

Sharing rights with any of your family member or a friend by issuing a registered power of attorney is the legal and correct way of managing the property bank loans stocks and other assets located in india. This power of attorney is also known as a letter of attorney. 100 in the state of maharashtra. Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1.