Power Of Attorney Template 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 template india.

What is power of attorney poa. Print on plain a4 paper 2 witness sign your sign register in registrar office. Register power of attorney in india. The one who gives an authority to some.

It is most often used where one person is unable or unwilling to manage their assets or anticipates that they may become so in the future. When power of attorney is executed in india by non resident indians 1. Within a few minutes your general power of attorney deed will be ready. You can start making your own power of attorney document online.

The law relating to power of attorney is governed by the provisions of the power of attorney act 1882 and the contract act 1872. This general power of attorney template is suitable if you wish to transfer all property rights and responsibility from one person to another. This general power of attorney form is drafted by our legal and law experts. Under the said act an agent.

The powers are durable which means the form remains valid even if the principal should become mentally incompetent. Poa is very well known as power of attorney or power of authority which is the authority to act for another person in specified or all legal or financial matters. Create a general power of attorney in favour of any trustworthy person in india and hand over the responsibilities to that person. Further there are some special requirements relating to a power of attorney executed outside india which needs to be authenticated by the notary public or indian consul.

This general power of attorney format or power of attorney format for a property is available in pdf and docs format for free download. Now you don t need to go searching for lawyer for this purpose. Special power of attorney sample for property management in india by nri. Durable power of attorney to grant power to bank accounts real estate and any other financial related acts.

100 in the state of maharashtra. 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. Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. 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.

For services of legal format drafting and vetting of legal documents we are providing full support through our well connected legal help club. Each page of the power of attorney is to be signed and wherever the blanks are filled. Sample special power of attorney nri property in india. It is specially drafted for india.

This general power of attorney template gives.