Power Of Attorney Sample Document India

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.

Power of attorney sample document india.

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. The recipient of the power however it can be revoked at any point. The agent may be able to handle financial medical guardianship or tax related matters. This general power of attorney template gives complete discretion to the the attorney in fact i e.

In essence a power of attorney gives the designated person the power to execute deeds or sign certain contracts on your behalf. Durable power of attorney to grant power to bank accounts real estate and any other financial related acts. This general power of attorney format or power of attorney format for a property is available in pdf and docs format for free download. Sample special power of attorney nri property in india.

Register power of attorney in india. Special power of attorney sample for property management in india by nri. 100 in the state of maharashtra. It is specially drafted for india.

Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. 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. Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1. A power of attorney poa is a legal and written document that allows you to appoint any other person or any organization to handle your business affairs and any legal matters.

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. Print on plain a4 paper 2 witness sign your sign register in registrar office. The person appointed referred to as an agent or attorney in fact and the person who appoints is known as the principal. The attorney in fact an attorney in fact is an agent who is resolving your issues on your behalf.

The powers are durable which means the form remains valid even if the principal should become mentally incompetent. 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. Adobe pdf ms word docx. 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.