Power of Attorney

(2 customer reviews)

Power of Attorney

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₹5,999.00

Product price: ₹5,999.00
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Power of Attorney

(2 customer reviews)

What does Power of Attorney entail?

A power of attorney (POA) is a legal instrument that authorizes another individual to act on behalf of the principal in financial or legal matters. The principal is the person granting the authority, while the recipient of the authority is known as the attorney-in-fact or agent. This document delineates the specific powers delegated to the attorney-in-fact and the conditions under which they may act. A POA can be either general, granting broad powers, or limited, conferring specific powers for a defined period. The principal can choose anyone they trust, such as a spouse, family member, friend, or professional like a lawyer, as the agent. However, the agent must be competent and capable of acting in the principal’s best interests.

 

Elements of a Power of Attorney

A well-drafted Power of Attorney (POA) should encompass the following:

  1. Principal’s Information: Comprehensive details of the individual creating the POA, referred to as the Principal.
  2. Attorney’s Details: Full particulars of the person receiving the granted authority, known as the Attorney.
  3. Purpose of Granting POA: Clearly stated reasons for conferring the power of attorney.
  4. Date and Place of Execution: Specification of the date and location where the POA is created, along with the effective date.
  5. Termination Date: If the POA has a specified time limit, include the date of termination. If not, indicate whether the POA is durable or non-durable.

 

Regulations Overseeing the Power of Attorney in India

Laws Governing Power of Attorney (POA) in India comprise:

  1. Indian Evidence Act, 1872
  2. The Indian Contract Act, 1872
  3. Stamp Duty Act (State specific)
  4. Registration Act, 1908

MyLawPoint for property document verification was 100% worth it. Initially, I hired a lawyer for bank loan document processing but was disappointed with their professionalism. MyLawPoint connected me with an expert advocate who articulated all possible pitfalls in purchasing the property (DC Survey 66/1 Chikkanagamangala) from Reliaable Developer. Their detailed legal report helped me avoid a potential loss of 80 lakhs. I'm grateful for MyLawPoint's excellent coordination and swift document collection. Thank you to their team for saving me from a risky investment.

Govind

I purchased a flat in Hyderabad, but the builder delayed possession beyond the committed date. This caused significant financial strain as I was paying high EMIs and rent, leaving me with no money at month-end. Feeling stressed and helpless, I discovered MyLawPoint. Their Property Expert Lawyer suggested sending a legal notice to the builder and appealing to RERA for the delayed possession. Thanks to their guidance, I received compensation from the builder for the delay and finally gained possession of my flat. MyLawPoint's support was invaluable in resolving this effectively.

Malani

I had an exceptional experience with MyLawPoint. Their support throughout the entire process, from Property Paper Verification to the Sale Deed Registration, was truly comprehensive and invaluable. The level of service they provided exceeded my expectations, and I am highly satisfied with the outcome. Their dedication to keeping me informed with timely updates at every step of the way further showcased their professionalism and commitment to client satisfaction. I wholeheartedly recommend MyLawPoint to anyone in need of legal support for their property transactions.

Gerald Gilbert

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Frequently Asked Question

Is Stamp Duty included in MyLawPoint's fee?

No, stamp duty is not included in MyLawPoint's fee. It should be paid separately, and our lawyers will assist you in procuring it.

How long does it take to register the property?

The time taken for property registration varies based on the sub-registrar office and property registration flow. Typically, after document submission to MyLawPoint, expect 3-7 days for lawyer-assisted property appointments with the local sub-registrar office.

Do I need to be present at the Sub Registrar Office?

Yes, while MyLawPoint handles appointments and formalities, your presence at the sub registrar’s office is required on the day of registration appointment.

Can an Agreement to Sell be cancelled?

Yes, an Agreement to Sell can be cancelled through mutual consent or if a condition in the contract permits cancellation. However, penalties or consequences may be specified in the agreement for cancellation.

Power of Attorney

On Sale
(2 customer reviews)

Our Power of Attorney (POA) drafting service provides you with a meticulously crafted legal document that authorizes an individual to act on your behalf as the Principal. With our expertise, we ensure accuracy and efficiency in preparing your POA, offering you peace of mind and protection against unforeseen circumstances. Our experienced lawyers understand the legal intricacies of POA requirements and will expertly guide you through the process, safeguarding your rights and interests. Secure your tomorrow by getting your POA drafted today with us.

What does Power of Attorney entail?

A power of attorney (POA) is a legal instrument that authorizes another individual to act on behalf of the principal in financial or legal matters. The principal is the person granting the authority, while the recipient of the authority is known as the attorney-in-fact or agent. This document delineates the specific powers delegated to the attorney-in-fact and the conditions under which they may act. A POA can be either general, granting broad powers, or limited, conferring specific powers for a defined period. The principal can choose anyone they trust, such as a spouse, family member, friend, or professional like a lawyer, as the agent. However, the agent must be competent and capable of acting in the principal’s best interests.

 

Elements of a Power of Attorney

A well-drafted Power of Attorney (POA) should encompass the following:

  1. Principal’s Information: Comprehensive details of the individual creating the POA, referred to as the Principal.
  2. Attorney’s Details: Full particulars of the person receiving the granted authority, known as the Attorney.
  3. Purpose of Granting POA: Clearly stated reasons for conferring the power of attorney.
  4. Date and Place of Execution: Specification of the date and location where the POA is created, along with the effective date.
  5. Termination Date: If the POA has a specified time limit, include the date of termination. If not, indicate whether the POA is durable or non-durable.

 

Regulations Overseeing the Power of Attorney in India

Laws Governing Power of Attorney (POA) in India comprise:

  1. Indian Evidence Act, 1872
  2. The Indian Contract Act, 1872
  3. Stamp Duty Act (State specific)
  4. Registration Act, 1908

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₹5,999.00

Product price: ₹5,999.00
Total options:
Order total: