Power of Attorney deed
G. ARAVINTHAN
(Querist) 13 April 2010
This query is : Resolved
'A' purchases a stamp paper at Pune(Maharashtra) for drafting a Power of Attorney deed.
'A' confers some power to 'B', who is brother of 'A'. The said deed is not registered but notarized at Chennai(TamilNadu), where 'B' resides.
What is the validity of the deed?
Suryanarayana Tangirala
(Expert) 13 April 2010
'some power' is a vague query be clear and specific in posting a query
A V Vishal
(Expert) 13 April 2010
There are several documents which are not compulsorily registerable under Section 17 of the Registration Act.In many cases, a general or specific power of attorney need not be registered. The question of registration arises only if a power is given for the sale of immovable properties. The Indian Registration Act does not make a power of attorney compulsorily registerable. However, the Supreme court has recently ruled that a power of attorney given to sell immovable properties should be registered. It should be done at the office of the sub registrar within whose jurisdiction the person giving the power resides. If the person resides abroad, the power should be attested by the Indian consulate in that country. Such power of attorney should be used within 3 months from the date of its execution.
G. ARAVINTHAN
(Querist) 14 April 2010
what if the power deed is ? for bank loan transaction .... power deed is not registered
Raj Kumar Makkad
(Expert) 14 April 2010
If the deed is for seeking loan then also it is valid.