Misuse of general power of attorney
Taral s Bharatia
(Querist) 20 June 2014
This query is : Resolved
Inherited some shares before marriage. gave power of attorney to father in law and while opening demat account he added his daughters name without my consent as second holder. How can i fight this misuse?
uttamtibrewal@yahoo.com
(Expert) 21 June 2014
yes you can cancel the POA as well get her name deleted ...
for any query or help do contact at uttamtibrewal@yahoo.com
Taral s Bharatia
(Querist) 22 June 2014
Thank you Mr Tibrewal for your response. Can you kindly tell me how can i delete her name?
T. Kalaiselvan, Advocate
(Expert) 24 June 2014
If the POA authorises him to do so, there is nothing wrong in his such act. Once the commitment is made as per the POA deed by the agent, such action is irrevocable. If you don't like to delegate the power to him anymore, you can very well revoke the deed by issuing a legal notice to him about it. About demat account issue, if you don't like it anymore you seek the alternative to get her name deleted or you withdraw from it.
Taral s Bharatia
(Querist) 24 June 2014
Thank you Mr Kalaiselvan for your feed back.
Taral s Bharatia
(Querist) 27 June 2014
Mr kalaiselvan i need to know how can i delete her name from my demat account. I tried to close this account which needs both signatures but she is refusing to sign the forms. Please advice
Taral s Bharatia
(Querist) 29 June 2014
Can anybody please answer the above question.
