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Yes, such a Power of Attorney will be acceptable in India. However, it will depend on the state-to-state basis as each of the Indian states have a separate and distinct procedure. The general process is a specific Power of Attorney that will first have to be executed and attested by the Indian consulate in the USA.

You should follow the following steps: Draft the Power of Attorney deed online or hire a lawyer in India to draft it for you. Get the deed attested by the Indian embassy or consulate in that country. Any Notary from there can also attest it.

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

A power of attorney (PoA) is a document that gives another person the legal authority to act on your behalf as per the terms mentioned in the document. In the case of a demat account, the PoA gives the online broker the legal authority to take certain decisions on your account.

Another important thing to note here is that a PoA remains valid only till the life of the principal. Within their lifetime also, one can revoke the PoA. An SPA gets revokes on its own as soon as the specific transaction for which it was executed is completed.

Limitations Of A Power Of Attorney In case of any kind of breach, the attorney will be held responsible unless POA behaved reasonably. He/she cannot delegate the authority to some other person to behave as an agent. An agent cannot act against the best interest of the principal.

Power of attorney (POA) is an important legal document that allows a person to appoint another person or organization to manage his/her property (Power of attorney for property), medical affairs, and finances on his behalf in his absence.

Is property sale through power of attorney legal? In 2011, the Supreme Court ruled that property sale through power of attorney (PoA) is illegal and only registered sale deeds provide any legal holding to property transactions.

The POA cannot transfer the responsibility to another Agent at any time. The POA cannot make any legal or financial decisions after the death of the Principal, at which point the Executor of the Estate would take over. The POA cannot distribute inheritances or transfer assets after the death of the Principal.

How to Gain Access to Bank Accounts with a Power of AttorneyReview the power of attorney document. The language of the document determines the powers of the agent.Determine the bank's requirements. Banks often have different requirements for powers of attorney.Have identification ready.