
MGV & ASSOCIATES
MANISH G VARMA
23 Years Exp
General Power of Attorney by NRI (Show More)
Mumbai , Bazargate
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Overview
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:
Draft the Power of Attorney deed online or we shall do it for you.
Get the deed attested by the Indian embassy or consulate in that country. Any Notary from there can also attest it.
The person making the deed, the Grantor, should sign the deed in all pages.
This attested deed should be sent to a known person in Indian address by registered post or courier.
Finally the person to whom the deed is sent should get it registered from the local Sub-Registrar office or Sub-Divisional Magistrate office in India, by paying the appropriate registration charges applicable in that State.
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:
Grantor's Details- The name, age, foreign address, Indian address and occupation of the person making the deed should be mentioned first.
Attorney's Details- The name, age, address, father's name and occupation of the person in whose favour the deed has been made should be mentioned.
Reason for the POA- You have to state why you are making this deed and for what purpose. For eg. To buy or sell or rent out your properties in India, since you are staying abroad etc.
Date of Commencement- You should clearly mention when the POA comes into force.
Signature- The Grantor has to sign in all the pages and also in the last page
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:
The Deed has to be made on a plain paper and attested in the Indian Embassy or by a Notary from that country.
The Grantor should place his/her signature in all pages.
The deed should be sent by registered post to an Indian address in the name of a known person.
The person in India to whom the deed is sent should get the deed registered in the Sub-Registrar office in the area where property is situated or the place of residence.
Points to know while making the Power of Attorney
The person making the deed should be mentally capable of making the deed. A mentally unsound person cannot make a Power of Attorney deed.
The person living outside India should provide the residential address in the foreign country.
The deed has to be sent to India to a known person who is mentally capable of getting it registered and enforced.
Never give the powers to transact with your property to any untrustworthy person. They may misuse the powers and make things miserable for you. Since granting powers to the Attorney means that whatever the Attorney does within the scope of the powers is binding on you, you cannot undo anything that was done by the Attorney within the scope of the powers granted to him.
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Name : MANISH G VARMA
Law Firm Name : MGV & ASSOCIATES
Country : India
City : Mumbai
State : MAHARASHTRA
Practicing Since: 2002
About Your Firm : We are a Corporate Legal Advisory Firm wherein our Partners have an individual Experience of over 15 years in Indian Laws. Our work background includes Counselling Clients on a broad range of complex Commercial, Legal and Strategic Issues. Over the years, each Partner has been fortunate to work with leading Banks, Companies and Institutions in India and Overseas. We have had the opportunity to work with various Clients in various areas including Capital Markets, Co-operative Societies, Project Financing, Real Estate Transactions, Legal Documentation, Advisory and Due Diligence. We have expertise and experience inter alia in the areas of: • Banking and Financial Transactions • Company Incorporation • Capital Markets • Corporate Restructuring and Mergers & Acquisitions • Private Equity Transactions • Corporate Policies • Contract Review and Contract Administration • Employment Laws • Intellectual Property Rights • Information Technology • Legal Compliance Audit and Management • Legal Due Diligence • Legal Advisory / Regulatory Advisory • Litigation Advisory • Project Financing • Product Registration • Real Estate Transactions • General Legal Services
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