A Power of Attorney (POA) letter is a legal document that allows an individual (the principal) to authorize another person (the agent) to act on their behalf in specific or general matters, such as financial transactions or medical decisions.
Power of Attorney (POA)
TO ALL TO WHOM THESE PRESENTS SHALL COME, I Insert Name of Grantor (hereinafter referred to as the “Grantor”), having my registered address at Insert Address of Grantor hereby appoint Insert Name of Attorney of Insert Address of Attorney, as my attorney-in-fact (hereinafter called the “Attorney”) with the true ...
If you want someone to act on your behalf regarding your application, you must first grant the person power of attorney to function as your legal representative. You could choose, for example, an employer, family member or other person you trust.
A power of attorney is a legal document that allows someone else to act on your behalf. A power of attorney can be helpful to older people and others who want to choose a trusted person to act on their behalf when they cannot.
As per SEBI (WEB), an Authorised Person (AP) refers to any individual, partnership firm, LLP, or corporate body appointed by a stockbroker to act on their behalf. A stockbroker may appoint one or more authorised persons after obtaining prior approval from the relevant stock exchange.
How to make a power of attorney Decide which type of power of attorney to make. Choose your agent. Decide how much authority to give your agent. Obtain a power of attorney form. Complete the form, sign, and witness it ing to the laws in your state.
It must clearly state that the document is a Power of Attorney document, and that you are granting certain powers to a representative. The document must state when the powers will come into effect; what will trigger the document, and then it must be signed in the presence of two witnesses.
Since your power of attorney potentially will be handling your legal and financial affairs, you'll want to choose someone who either has some experience in these fields or has the personality and financial savvy to handle the decisions that may fall to him or her. Choose someone who: Is trustworthy and fair minded.
A power of attorney letter serves as a crucial legal tool, granting an individual the authority to act on another person's behalf in specific situations. This document can be a lifeline during times of illness, absence, or incapacity, ensuring that important decisions are made seamlessly and without delay.