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A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care. A limited power of attorney restricts the agent's power to particular assets.
The Power of Attorney registration process includes the following formalities:Drafting of the Power of attorney whether general or special, by a.Submitting the POA with the Sub-Registrar.Attaching the supporting documents with the POA.Attesting the POA before the Registrar.Attesting of the POA by 2 witnesses.
Virginia power of attorney forms allow a person to choose someone else to represent their best interests and make decisions on their behalf. The most common types related to financial and medical matters but the form can be to elect any person to represent someone's affairs for any legal action.
The General Power of Attorney (GPA) and the Special Power of Attorney (SPA) both give the agent the power to act for and on behalf of the principal. The difference lies in the scope of authority given to the agent. In GPA, the agent's authority covers the act of administration of all the businesses of the principal.
Requirements for Power of AttorneyOriginal power of attorney and a few copies.Application form for attestation of power of attorney.His original passport along with its copy.His original Computerized National Identity Card (CNIC) or National Identity Card for Overseas Pakistanis (NICOP) along with its copy.More items...
Generally, the stamp duty payable for a power of attorney is Rs 100. For registration , the fee payable is also Rs 100. For a general power of attorney given to promoters and developers, the stamp duty applicable is Rs 1000 and registration charges are Rs 100.
A Military Power of Attorney (PoA) is a legal document that gives a person or entity the authority to manage legal and financial matters for you, such as signing contracts, accessing your bank account, and buying or selling real estate.
Difference Between General And Special Power Of Attorney A General power of Attorney is very much different from a Special power of Attorney. The GPA always confers a general power of performing while the Special power of Attorney confers only a specific power to perform any particular act or task.
Procedure for Power of Attorney in IndiaDraft the Power of attorney whether special or general, by a documentation lawyer or through a website.Submit the power of attorney with the Sub-Registrar.Attach the supporting documents with the power of attorney.Attest the power of attorney before the Registrar.More items...
A power of attorney is a legal document that allows someone else to act on your behalf. Powers of attorney can be helpful to older people and others who want to choose a trusted person to act when they cannot.