Power of Attorney is a document by which a person gives authority to another person to act on his behalf.The person to whom it is given is called 'the attorney.
If POA is for specific purpose to perform certain acts, it is called Special Power of Attorney. For example, only for looking your property/ only for giving the property on rent without the powers to sell/ only for sale of a specific property/ to appear in a legal proceedings or to attend a court hearing. In General Power of Attorney covers most of the acts which the executant including operating the bank A/C, conducting the business and all other acts can be included in General Power of Attorney. One can also give POA jointly to two or more persons who could act from your behalf jointly or severally as may be specified.
While purchasing property, one should ensure that the POA is properly executed and valid and the clause 'power to sell the property' should be specifically mentioned. Upon the death of the executant, the POA becomes void. One should inspect the original and seek confirmation from the person giving the fresh POA stating that the POA is valid.
While relying on the attorney, as an authorised representative of the actual owner, the POA SHOULD BE CLOSELY EXAMINED to ensure its validity and contents.
Your advocate would draft the POA as per your requirements and he will do all rhe requisite formalities like Stamp duty, Registration etc.
For safer side, the photo identities of executant and the attorney should be there on POA alongwith the witnesses full name & addresses.
Introduction
The basic & fundamental knowledge of various legal fields has now become very essential in the present social context. People become scared even confronting a minute legal issue and they rush to the lawyers ending up coughing up hefty fees and loss of time. Precautions while selling/ purchasing of properties, registration, mortgage, bouncing of cheques, issues involving access to information etc. This blog meant for creating awareness of basic fundas among the masses which includes various departments who are confronting with baseless & irrelevant applications specially under RTI Act.
The like minded friends are welcome to contribute their knowledge in this pool for the upgradation of legal knowledge of our society.
The like minded friends are welcome to contribute their knowledge in this pool for the upgradation of legal knowledge of our society.
Tuesday, May 13, 2008
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