Create a general power of attorney in favour of any trustworthy person in india and hand over the responsibilities to that person.
General power of attorney india nri sample word.
A general poa gives the designated person a larger scope of power to complete multiple transactions or deeds that is expected.
It specifies exactly what deeds or transactions the designated person can complete on your behalf.
When power of attorney poa is executed outside india by a non resident indian.
Hence it needs to be appointed only to a very trustworthy person.
The same poa can be used for managing home loans in india by a member of family.
You can give power of attorney to one or multiple persons like blood relatives i e father mother brother and etc and also to any third person apart from your close family members whom you believe to be trustworthy.
Nris or any other emigrants can delegate any reliable person to discharge his responsibility legally.
100 in the state of maharashtra.
Now you don t need to go searching for lawyer for this purpose.
This arrangement is terminated once the principal becomes incapacitated annuls the power of attorney or passes away.
Builder or developer will also ask for registered poa to give you possession of flat and get it registered in your name.
Sharing rights with any of your family member or a friend by issuing a registered power of attorney is the legal and correct way of managing the property bank loans stocks and other assets located in india.
Within a few minutes your general power of attorney deed will be ready.
The power of attorney should be executed on a stamp paper plain paper and in manner as the case may be as applicable to the country in which the power of attorney is executed.
General procedure and rules for power of attorney.
You can start making your own power of attorney document online.
But it should be attested from indian embassy.
Power of attorney poa can do favour to them by introducing relief and comfort in settling down property disputes and exchanging old currency notes under demonetization.
The attorney should be a resident of india.
Your poa holder can make payments for home loans like sbi maxgain hdfc icici and other banks.
Under this power of attorney in my name shall be considered as acts deeds and things done by me and shall be binding on me.
Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1.
I hereby agree to confirm all and whatsoever the said attorney shall lawfully to do by virtue of the power hereby.
The power of attorney is to be executed on a non judicial stamp paper of the requisite value as per the stamp duty prevalent in the respective state rs.
A special poa is narrower in scope.
Special power of attorney format.
An nri non resident indian can use the special power of attorney to buy sell or take possession of a real estate property in india.
The general power of attorney for nri consists of a wide range of powers and is not confined to any particular work.
