banking Laws

Querist : Anonymous (Querist) 26 October 2009 This query is : Resolved
Please let me know if a Power of attorney for execution of a mortgage is to be registered ....in Chattisgarh

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Raj Kumar Makkad (Expert) 26 October 2009
Yes. It is definitely required therein because it is a matter of execution of mortgage.

Arul Kumar (Expert) 26 October 2009
Yes it is necessary. Please find your local District Sub-Registrar Office. It is also called District Collector Office.

Sachin Bhatia (Expert) 26 October 2009
Yes it is mandatory.

Kiran Kumar (Expert) 26 October 2009
i agree with all my Ld. friends.

POA is an important document and for every act to be performed under POA is supposed to have legal implications.

and it is compulsory to get it registered.

mortgage deed has wide legal implications.

PJANARDHANA REDDY (Expert) 26 October 2009
registering POA is a simple and very less cost effective, so many people neglect when ever litigation arises on the POA, the LAW favors the other side, says my Advocate drafted but not registered, Registration is your responsibility not the Advocate who drafted...

adv. rajeev ( rajoo ) (Expert) 27 October 2009
If POA is executed in favour of the blood relations then registration is not necessary. if it is exeucted in favour of 3rd person other than family members regn., is mandatory.

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