Power Of Attorney Format 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 format india.

Durable power of attorney. A power of attorney must be wisely created and given to a trustworthy person. Print on plain a4 paper 2 witness sign your sign register in registrar office. Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name.

100 in the state of maharashtra. 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. It is specially drafted for india. This general power of attorney form is drafted by our legal and law experts.

Procedure for an nri power of attorney format. Special power of attorney format. Here is the general power of attorney format for nri. Sample special power of attorney nri property in india.

It specifies exactly what deeds or transactions the designated person can complete on your behalf. In case you have any trouble get in touch with our panel of best nri lawyers to draft a power of attorney online. The person appointed referred to as an agent or attorney in fact and the person who appoints is known as the principal. This general power of attorney format or power of attorney format for a property is available in pdf and docs format for free download.

Special power of attorney sample for property management in india by nri. A special poa is narrower in scope. However if the individual becomes mentally unstable or faces some health issues the agent will still hold the power of attorney according to the specified period. 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.

If you want to draw a poa and send it to india then it is best to go to your local indian consulate to get it attested. Power of attorney can be authenticated before a registrar or sub registrar within whose district or sub district the principal resides and in case a power of attorney is executed outside of india it can be authenticated by a notary public or any court judge magistrate indian counsel or via counsel or a representative of the central government. Under this the power of attorney format for authorized signatory is limited only for the duration mentioned. This power of attorney is also known as a letter of attorney.

Register power of attorney in india. The agent must also be very cautious before accepting a power of attorney. Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1.