BA LLB 2904 VIII SEM DRAFTING OF PLEADING & CONVEYANCING BL 805 Lecture On Power of Attorney
BA LLB 2904 VIII SEM DRAFTING OF PLEADING & CONVEYANCING BL 805 Lecture On Power of Attorney
BA LLB 2904 VIII SEM DRAFTING OF PLEADING & CONVEYANCING BL 805 Lecture On Power of Attorney
VIII SEMESTER
SUBJECT: DRAFTING OF PLEADING & CONVEYANCING
CODE: BL-805
Topic: Power of Attorney
Power of Attorney:- Power of Attorney is a legal document executed by one
or more persons giving an authority to one or more persons to act on his or her
behalf. Power of Attorney is governed by the Power of Attorney Act, 1882. The
person giving authority is called the Attorney of the party giving the authority.
The person receiving powers is called Power of Attorney holder. Normally,
there is no requirement for registration for power – of – Attorney. However, if
the power of attorney creates an interest in any immovable property, then the
Power of Attorney must be registered. Power of Attorney can be authenticated
before a Registrar or Sub Registrar within whose District or Sub district the
principal resides and in case a Power of Attorney is executed outside of India, it
can be authenticated by a Notary Public or any court, judge, Magistrate, Indian
Counsel or via Counsel or a representative of the Central Government.
The person who delegates his powers to another is called the principal
or the grantor while the individual who is authorized is known as the agent.
The agent could be granted the power to buy a home, negotiate a business
deal or make cash withdrawals for his grantor.
An individual who has suddenly been affected by some form of mental
instability may decide to grant a special power of attorney which will give the
agent some limited powers to that will enable him to buy, sell or manage a
property in his capacity.
The Power of Attorney is an agreement signed by the parties which
authorizes an individual to act in the capacity of another on either general or
special capacity. A power of Attorney can either be limited or complete.
In a general Power of Attorney, the agent is authorized to make all the
decisions in the capacity of the grantor. If you are to stay away from the
country for a long time, you can authorize the agent to carry on with business
transactions , payment of staff, deals and management of your properties.
Under a general Power of Attorney , the agent is granted wide / unlimited
authority on all affairs that pertain to the obligations of the Principal.
A special Power of Attorney is a document or an authorization that empower
the agent or the attorney in fact to act in the capacity of the grantor under
specific circumstances. In a special Power of Attorney , the powers that has
been granted will be executed in specific aspects as may be contained the
agreement.
In many instances, different persons may be granted the special power of
attorney and will be named by the grantor for their specific area of interest.
The following steps must be taken to ensure that your deed is legalized.
WITNESS :
1. ----------------------------
Name & Address of Witness 1
2. ----------------------------
Name & Address of Witness 2
For further queries you may reach us via..
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Dr Kusumavati
Assistant Professor of Law
LS, CCSU campus, Meerut