If you have bought or thinking about buying an apartment in india and can t visit personally to take the possession use poa.
General power of attorney india nri sample.
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.
This article will discuss.
Format of power of attorney instructions when power of attorney is executed in india by non resident indians 1.
Now you don t need to go searching for lawyer for this purpose.
A special poa is narrower in scope.
This arrangement is terminated once the principal becomes incapacitated annuls the power of attorney or passes away.
It is primarily used by nri non resident indians to manage their property in india.
Within a few minutes your general power of attorney deed will be ready.
Format for general power of attorney format for nri.
Create a general power of attorney in favour of any trustworthy person in india and hand over the responsibilities to that person.
100 in the state of maharashtra.
General power of attorney format sample.
Procedure for an nri power of attorney format.
A general poa gives the designated person a larger scope of power to complete multiple transactions or deeds that is expected.
Special power of attorney format.
Hence it needs to be appointed only to a very trustworthy person.
You can start making your own power of attorney document online.
It specifies exactly what deeds or transactions the designated person can complete on your behalf.