POWER OF ATTORNEY IN CASE OF GIFT DEED.
Atish
(Querist) 06 September 2009
This query is : Resolved
If 50% share of a residential property is gifted vide registered power of attorney and registered with the resistrar and later after the date of registeration of Gift Deed the Power of Attorney is revoked, does the Gift deed stand valid or can a stay be taken, and could any legal action be taken on the Power of Attorney holder( The regsteration of Gift deed is done and then a notice for revoking dated after that is sent to the P.O.A. holder).
Regardsriven
Raj Kumar Makkad
(Expert) 06 September 2009
The gift deed was executed and registered when the holder of POA had full authority to do so. This POA has been revoked after execution and registration of gift deed under pwer and authority hence it has no legal bearing. The notice is futile exercise. The Gift Deed is a valid document.riven
Bhumik Dave
(Expert) 06 September 2009
First verify that. The poa is revocable or not ? If P.O.A. Is revoked after execution of gift deed then revoke is nt create any adverse implication on gift deed.riven
Adinath@Avinash Patil
(Expert) 07 September 2009
If POA is revoked after regitration of gift deed you can't challenge gift deed.You notice of revocation of POA is not legal.riven
Sachin Bhatia
(Expert) 02 October 2009
Power of Attorney was revoked after the date of registeration of Gift Deed. In this event Gift Deed is a valid, you can't challenge gift deed.
