Power of attroney
Sreedar
(Querist) 14 March 2016
This query is : Resolved
Dear Sir,
I am an NRE and have issued a POA to my Father in Law who is going to sign an initial sale agreement as I cannot travel to India now. I have already send the POA attested by the Indian consulate. But the buyer is insisting to Adjudicate the POA to make it valid. As this POA is only for the initial sale agreement to get an advance amount from the buyer and the buyer will use this agreement to avail the loan from the bank. Kindly advise if the POA need to be Adjudicate or can this be done by the notary to make it valid. We look forward to hear from you soon. Regards/ Shankar
Devajyoti Barman
(Expert) 16 March 2016
Yes. without Adjudication the POA executed in abroad has no value if the sale agreement is required to be registered.
If you do not want the sale agreement to be registered then Adjudication is not necessary.
Sreedar
(Querist) 16 March 2016
Thanks. The agreement will not be registered but as the buyer is applying for the bank loan the bank is requesting that the POA to be registered at the sub registrar office.
Sreedar
(Querist) 17 March 2016
Thanks. The agreement will not be registered but as the buyer is applying for the bank loan the bank is requesting that the POA to be registered at the sub registrar office.
