
Hemanth & Associates
Hemanth S
23 Years Exp
General Power of Attorney (Show More)
Bangalore , Malleswaram
View Answers by this Partner (0)
Profile Views : 36951
Information
Overview
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 is executed by a person in favour of another to act on behalf of him generally. It may include management of property, Court matter/litigations, sale of mortgage of property or any other act.
A person who has attained majority may execute power of attorney in favour of another person who has attained majority including family members like brother, sister, father and mother to act on his behalf. If a power of attorney is executed to sell property in favour of relatives other than those mentioned above, 2 percent stamp duty shall be paid on market value of such property.
If a power of attorney is executed in favour of developers, Builders of apartment, 4 percent stamp duty shall be paid on market value of such property. (see article 5(f) & 41(a), 41(ea), Schedule to Karnataka Stamp Act 1957).
a.GPA automatically gets cancelled on the death of Executant.
b. Principal (Executant) may cancel it any time.
If the Power of attorney is executed for consideration in respect of property it cannot be unilaterally revoked, prejudicial to the interest of the agent (See Sec.202 of Indian Contract Act, 1872).
Photos
Name : Hemanth S
Law Firm Name : Hemanth & Associates
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 2002
About Your Firm : A thorough understanding of the Property and Real Estate sector and vast experience in dealing with corporations, organizations and individuals gives our team the expertise to advise clients on various aspects of property transactions in India and particularly in Bangalore.??We advise clients and prepare legal documentation for the purchase, sale, lease, rent, mortgage, development, joint venture, construction and in all transactions related to the properties including commercial, industrial, agricultural and residential. We also advise client on the applicable local laws, stamp duties, registration requirements and regulatory and statutory approvals.??Our real estate and property service includes: Due diligence for property purchase Title search Title opinion on property/documentation Legal scrutiny Legal documentation Registration Formation of societies and welfare associations Regulatory and Statutory compliance's We have rich experience in property and real estate litigation. Our property and real estate litigation matters include: Title disputes Landlord and Tenant disputes Attachment of property Disputes under specific performance and transfer of property laws Partition and division of property Land use regulations Land acquisition and dispositions
Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
---|---|---|
Hemanth | kar/1527/2002 | |
Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Legal & Drafting
NRI Services
No Answers Found