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What is the law for power of attorney in India?

Section 2(21) Indian Stamp Act 1899: Power-of-attorney includes any instrument empowering a specified person to act for and in the name of the person executing it. A power of attorney should be clear and understandable. The Power of Attorney can be classified into two categories which includes: 1 | Page Page 2 i.

What is the limitation of power of attorney in India?

Limitations of a Power of Attorney in India LimitationsDescriptionNon-transferableThe authority granted by a power of attorney cannot be transferred to others.Non-delegableAn agent appointed under a power of attorney cannot delegate authority to another person.7 more rows The Importance of Understanding the Limits of a Power of Attorney - Corpbiz corpbiz.io learning importance-of-understandi corpbiz.io learning importance-of-understandi

How long a power of attorney is valid in India?

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. Power Of Attorney For Property Transfer: Importance And Uses makaan.com legal-taxes-laws is-general- makaan.com legal-taxes-laws is-general-

What are the rules for power of attorney in India?

A power of attorney can be executed by any person who is competent to enter into a contract. Principal/donor and agent/donee must be above the age of 18 years and sound mind. However, the married women can execute powers of attorney even if they are minors. Power of Attorney dgde.gov.in uploads 2023/04 Power- dgde.gov.in uploads 2023/04 Power-

What is the life of power of attorney in India?

A general power of attorney is normally valid till the principals life. However, if required and specified, the general power of attorney can be executed with a duration of validity. The duration can be either one year or so. Power of Attorney (PoA): All You Need to Know | Latest Updates MagicBricks Legal Acts MagicBricks Legal Acts