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It specifies exactly what deeds or transactions the designated person can complete on your behalf.
Special power of attorney format india. Special power of attorney format. This power of attorney is also known as a letter of attorney. Special power of attorney sample for property management in india by nri. First of all write a power of attorney on a plain piece of paper and sign it.
Now let s come to the main agenda. The person appointed referred to as an agent or attorney in fact and the person who appoints is known as the principal. Procedure for an nri power of attorney format. How to get power of attorney.
Write the power of attorney on a plain sheet of paper. 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. Sample of special power of attorney for legal authorization. I confirm and declare that i have not executed any other power of attorney in favour of any other person s and this power of attorney is irrevocable till the entire loan together with interest costs charges expenses and all other amounts payable to bank of india are fully paid by me and bank of india discharges me in writing.
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. 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. On the other hand the special power of attorney is created to give an agent power to complete a. Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name.
There is no expiration date on a general power of attorney unless otherwise specified. We provide online services for drafting and vetting of all legal documents call us at 011 2335 5388 or mail us through contact us page of our website. Special power of attorney. Special power of attorney for legal authorization attention.
Sample special power of attorney nri property in india. Print on plain a4 paper 2 witness sign your sign register in registrar office. A general power of attorney is usually a document that allows an agent to act on behalf of his principal on more than one matter.
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