Power Of Attorney Format India

Procedure for an nri power of attorney format.

Power of attorney format india.

The agent must also be very cautious before accepting a power of attorney. Special power of attorney format. The person appointed referred to as an agent or attorney in fact and the person who appoints is known as the principal. 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 general power of attorney form is drafted by our legal and law experts. 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. General power of attorney format for nri by law advisor india for nris in usa what is the general power of attorney format for nri.

Durable power of attorney. A power of attorney must be wisely created and given to a trustworthy person. 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. Once your power of attorney is attested by the indian consulate embassy you can send it to india.

Print on plain a4 paper 2 witness sign your sign register in registrar office. 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. For services of legal format drafting and vetting of legal documents we are providing full support through our well connected legal help club.

A special poa is narrower in scope. Sample special power of attorney nri property in india. 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.

This power of attorney is also known as a letter of attorney. Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. It specifies exactly what deeds or transactions the designated person can complete on your behalf. Here is the general power of attorney format for nri.

Under this the power of attorney format for authorized signatory is limited only for the duration mentioned. It is specially drafted for india. Register power of attorney in india.