General Power Of Attorney Form For India
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FAQ
General Power of Attorney (GPA) remains valid till the life of principal or attorney, within they lifetime, one can revoke the GPA at anytime. GPA can be executed with duration validity, For example: for a period of 1 year, 5 year or till the specific transaction or legal task of which GPA was executed.
Stamp Duty for Power of Attorney 500/- is only applicable for registration. In case the General Power of Attorney (GPA) is given to a person other than a close relative for consideration, then stamp duty is chargeable as per the market value of the property concerned or the consideration value, whichever is higher.
Both the principal and the agent are required to sign the document in the presence of a notary public or an advocate, for the authentication of the signatures. If applicable, register your POA documents by visiting the local Sub-Registrar's office. After the POA is executed provide copies to the relevant parties.
FAQ Start by filling out the date at the top of the form. Identify the person giving the Power of Attorney (the ?Principal?) in the first section. Enter the name of the person the Principal is granting the Power of Attorney to (the ?Agent?). Specify the purpose of the Power of Attorney in the third section.