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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.
Online power of attorney form india. The date of termination of the power of attorney if it is limited by time. Irs power of attorney form 2848 revised in dec. 100 in the state of maharashtra. The agent must also be very cautious before accepting a power of attorney.
Indiana power of attorney forms is a type of form you can use to make someone your representative to act on your behalf with your financial or health or other matters. The reason for granting the power of attorney which should be legally valid. If a person landlord resides in outer country who has a property in india and wants to give it on rent so with the help of poa he can complete the entire process of making a rental agreement for his owned property. Power of attorney by non resident indians nri.
For services of legal format drafting and vetting of legal documents we are providing full support through our well connected legal help club. Again be very careful and make sure to hand over a power of attorney to a trustworthy person. Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1. Send your power of attorney to india as soon as the process is complete and the indian consulate has attested your power of attorney you can send it to india.
The power of attorney is to be executed on a non judicial stamp paper of the requisite value as per the stamp duty prevalent in the respective state rs. A power of attorney must be wisely created and given to a trustworthy person. This general power of attorney form is drafted by our legal and law experts. If no time is specified mention whether the power of attorney is durable or non durable.
Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name. Register power of attorney in india. Once your power of attorney is attested by the indian consulate embassy you can send it to india. Since you are allowing someone to act on your behalf it is important that your representative be someone that you trust implicitly with your finances or other matters.
This general power of attorney format or power of attorney format for a property is available in pdf and docs format for free download.
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