Power Of Attorney India Nri Sample

This document is mostly used in real estate transactions.

Power of attorney india nri sample.

The falling interest rates and the weakening rupee have made real estate purchases in india an attractive proposition for nri investors. Registering the power of attorney is a simple process. The general power of attorney for nri consists of a wide range of powers and is not confined to any particular work. Power of attorney poa is an important document that many nris often have to deal with.

Attestation of power of attorney applicable for nri this power of. While this may be a good time to find a suitable property and seal the deal the coronavirus pandemic will make it difficult for nris to travel to india to complete the transaction. If you are staying outside india and have properties or financial transactions within india you can give the power to transact and deal with the properties or banking or tax payment etc to any trustworthy and reliable person in india. If you are nri non resident indian or an indian who just came abroad and want to manage your real estate matters by giving out your signing authority to some one in your family or a friend you can use this sample power of attorney.

Sample special power of attorney nri property in india. Under general power of attorney for nri the agent can execute almost any act as the principal like opening financial accounts and managing personal finances. One copy of the power of attorney deed signed by you and notarized by the indian embassy consulate should be registered in india in a registrar office by the holder who is receiving the power of attorney. Sample power of attorney for nri non resident indian open this sample poa on google docs.

Registration of power of attorney received in india from the nri. Power of attorney poa lists out the powers that you want to share with the poa holder. If you have bought or thinking about buying an apartment in india and can t visit personally to take the possession use poa. It is primarily used by nri non resident indians to manage their property in india.

Print on plain a4 paper 2 witness sign your sign register in registrar office. Hence it needs to be appointed only to a very trustworthy person.