value of notorised POWER OF ATTORNEY
vineet advocate
(Querist) 30 April 2010
This query is : Resolved
WHAT IS VALUE OF NOTORISED POWER OF ATTORNEY > IS POWER OF ATTORNEY CAN BE REGISTERED ? CAN MONEY BE TRANSFERED BY IT ?
A V Vishal
(Expert) 30 April 2010
Registration of power of attorney is not compulsory. it is optional EXCEPT If a power of attorney is in respect of a sale of a immovable property of value more than Rs100 it must be registered.
In case an attorney under a valid Power of Attorney himself signs a document, he may, as an executing (signing) party present/admit execution of a document though it is attested by a Notary, unless the text of the power specifically excludes such powers
Foreign Power of Attorney should be got stamped by the Collector after its receipt in India within prescribed time of 3 months
Registration of power of attorney authenticates the deed of power of attorney.
