General Power Of Attorney India

State:
Multi-State
Control #:
US-04099BG
Format:
Word; 
Rich Text
Instant download

Description

The General Power of Attorney India form allows a principal to appoint an agent to make financial and legal decisions on their behalf. It grants broad powers to the agent, including managing real estate, handling monetary transactions, and making business decisions. Notably, the authority given remains effective even if the principal becomes incapacitated. To complete the form, the principal must provide their name, address, and the agent's details, along with the effective date of the power being granted. It is crucial to have the form notarized to ensure its legality. This form is particularly useful for attorneys, partners, and business owners who may need to delegate responsibilities in case of absence or inability to act. Paralegals and legal assistants can aid in the preparation and execution of this document, ensuring compliance with local laws. Overall, the General Power of Attorney India form serves as a vital tool for managing personal and business affairs efficiently.
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FAQ

Power of Attorney needs to be signed and witnessed by two individuals (other than immediate family members) with their names and addresses clearly mentioned. It has to be duly notarized and further apostilled before submitting to the Consulate for attestation.

The law holds that a power of attorney is not an instrument of transfer in regard to any right, title or interest in an immovable property but any genuine transaction carried out through General Power of Attorney is considered valid under the law.

Power of attorney holder can't sell property unless authorised to do so: SC. April 22, 2022: Those with a power of attorney of a property cannot sell it unless there is a specific provision in the document giving them the power to do so, the Supreme Court has ruled.

A GPA must be registered at the Sub-Registrar Office (SRO) to get legal validity. Moreover, the GPA is not valid for an indefinite period. It is valid for the lifetime of the principal, and can also be revoked within the lifetime of the owner.

For Non-Resident Indians (NRIs) who own property or have financial interests in India, managing these assets from abroad can be challenging. One solution to this problem is the General Power of Attorney (GPA), which enables NRIs to appoint a trusted person in India to act on their behalf.

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General Power Of Attorney India