Power of attorney by a foreigner

Raja Rajeswari S (Querist) 22 January 2010 This query is : Resolved
Can a foreign partner in a Indian partnership firm authorise any other Indian Partner to execute any documents for loan, registration under VAT, Customs, Central Excise, or any such related matter?

If so, should he get any RBI approval?

Kindly mail the format of Power of attorney and the stamp duty in such cases

regards

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s.subramanian (Expert) 24 August 2010
Yes. He can. No need for any RBI approval at all. The legal formalities of the country where the Power is executed have to be complied with strictly.

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