E-PaperPower Of Attorney News
A person living in Dubai can execute a release deed in India
In addition to the release deed, the releasor will also require to execute a PoA for the limited purpose of registering the release deed before the concerned sub-registrar of assurance’s office having appropriate jurisdiction
2 min read13 Oct 2020A power of attorney may be made for a limited period of time and is generally revocable
The PoA should state if the attorney can sub-delegate the powers delegated to him or her to another person and that the PoA shall be valid even in the event you are incapacitated due to ill health
2 min read29 Sep 2020Be careful in executing Power of Attorney with stock brokers: NSE to investors
The latest communication comes against the backdrop of Karvy Stock Broking unauthorisedly transferring securities worth ₹2,300 crore of more than 95,000 clients, into its account, by misusing the PoA given by its clients
1 min read10 Dec 2019Power of attorney does not convey any title
A PoA is executed by the donor so as to enable the donee to act on his behalf. Except in cases where PoA is coupled with interest, it is revocableOne can execute a SPoA in favour of a person, not necessarily a relative, who is eligible to enter into a contract as per India Contract Act, 1872
2 min read28 May 2019Helping parents manage money
As parents age, it is important that as their children you help them organize their finances efficiently without attacking their independence
4 min read6 Nov 2017Can’t use PoA to transfer rights of immovable property
It can't be used to transfer any right, title or interest in an immovable property
2 min read1 Jun 2015If divorced, ex-spouses may not be counted as family member
It is advisable to seek specific legal and tax counsel in this matter
3 min read9 Apr 2015Keep amounts received under power of attorney separate
At times tax authorities do create problems for the attorney and raise tax demands on him
4 min read21 Jan 2015In PoA, principal’s death ends agent’s authority
Person who issues it's called the principal and the person in whose favour it is issued is the agent
2 min read2 Jun 2014General power of attorney doesn’t convey any right or title
Immovable property can be legally transferred/conveyed only by way of a deed of conveyance
4 min read4 Nov 2013Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared