Versatile Legal

 Veena R

 27 Years Exp

 General Power of Attorney by NRI (Show More)

 Bangalore , Industrial Estate (Bangalore)

 View Answers by this Partner (3)

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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 : Veena R

Law Firm Name : Versatile Legal

Country : India

City : Bangalore

State : KARNATAKA

Practicing Since: 1998

About Your Firm : I am an advocate having 20 years experience. I have initially worked for a senior advocate for 6 years where I was responsible to take care of court matters, property title verifications, registrations, khata transfer and related services. Subsequently, I worked for two leading law firms in Bangalore for a period of 1 1/2 years post which I started practising independently from 2009 onwards. I render services in the areas of litigation, real estate and corporate documentation.

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
Veena R Kar 628/1999 Karnataka
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Subject :  Cost of rental agreement
Question :  What is the total cost of rental agreement including stamp paper for rental in Hebbal apartment and how much time to send

Answer by Versatile Legal :  If the term of the rent is less than one year, the minimum stamp duty payable is Rs. 500/- on a rental agreement. Normally, the stamp duty is payable on the rental value and the security deposit that is paid. If the details of the property, rent and security deposit, parties addresses are sent, we could take about two hours to send the draft of the rental agreement.

Subject :  Drafting a Will
Question :  Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?

Answer by Versatile Legal :  Yes you can but incorporate the property description in detail and also specify that this property is under construction and will be delivered to you within a particular timeframe. In the event you have signed an agreement of sale with the builder, make the agreement as an annexure to the Will, so that it will not be disputed later on that the property was acquired after execution of the will.

Subject :  Difference between a "mortgage" and a "lease"?
Question :  What is the difference between a "mortgage" and a "lease" Please explain

Answer by Versatile Legal :  Mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced whereas lease of an immovable property is the transfer of a right to enjoy a property for a specified time period and can be express or implied. In a mortgage, there is interest involved whereas in a lease, the permission to use the property is granted subject to payment of lease rent and security deposit.