General Power of Attorney | 5000 /- INR | 1-7 Days |
A Power of Attorney is a legal document by which one person gives the right to perform or powers of transacting in matters relating to property, banking, legal and judicial proceedings, tax payments, etc, to another person due to certain reasons like being out of country, or getting old, or not able to look after one’s duties in those matters etc. A power of Attorney is an authority given by a written formal instrument whereby one person termed the donor or principal authorises another person termed the donee, attorney or agent to act on his behalf.
Principal/Grantor/Donor- The person who grants the power to the other person to act on his behalf is termed the grantor or principal or donor.
Attorney/Agent/Donee- The person to whom the power is granted is termed the Attorney or agent or donee.
Who Should Use It?
Usually Power of Attorney is created by anyone who cannot do the transactions in person by himself or herself due to various reasons. The following are the reasons that commonly force an individual to give the power of performing to another person.
General Power Of Attorney
Where the principal authorises the Attorney to do certain general acts on his behalf. The word ‘General’ here means that the power must be general regarding the subject matter and not general with regard to powers in respect of a subject matter.
Either you can give a GPA for all your properties, banking transactions, tax matters, registration, legal disputes and court matters etc. Or you can give a general power to any one category like only for all property matters or only for all Banking processes etc. This type of Power is very wide and has lot of risk if the Attorney is not a trustworthy person.
General Power Of Attorney By NRI
Are you staying outside India and having properties or non-property transactions in India? You can not come to India every now and then to complete your transactions? Then you need to entrust someone who stays in India to do that for you on your behalf. In such situations all you need to do is to create a General Power of Attorney (GPA) deed in favour of a sincere and trustworthy person. You need not come to India to create the GPA deed. You can do it from whichever country you are living in.
You can also make a Special Power Attorney that deals with ONLY one property or transaction.
How To Make A General Power Of Attorney By NRI
If you are staying outside India and have properties or financial transactions within India, you can give the power to transact and deal with the properties or banking or tax payment etc to any trustworthy and reliable person in India. They can be your close relatives or friends. you should follow the following steps:
Do you Need a GPA or Special Power of Attorney?
If you want to make a Power of Attorney, you need to first understand whether the power to be given to the Attorney is for general purpose or for any one particular of specific purpose. If you wish to give all the rights for all your properties or all the rights for one property or all rights of banking etc. you should create general power of attorney or commonly termed as GPA.
But if you want to give the power to the Attorney to do any specific act and after the act is done the power comes to an end. This type of power of Attorney is termed as special power of Attorney. Special Power of Attorney is made only for a single task or act.
What Should Be Included in The Power Of Attorney Deed
While making the General Power of Attorney from outside India, make sure that your deed includes these details:
How To Make It Legally Valid
To make the Power of Attorney created from any foreign country as legally valid, one has to complete these formalities:
Points to know while making the Power of Attorney
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