Power of attorney
SANDEEP GOYAL
(Querist) 15 March 2009
This query is : Resolved
Power of attorney is given by a foreign company situate in Dubai to a person who belongs to another country. Now the aforesaid company want to purchase/sale property in India through its power of attorney holder. But the aforesaid company and the person don't have any office/ residence in India. original POA is given from Dubai office.Can I get registered this POA in India. Please refer me sec. of POA act, 1882 and relevant case law.
And if Company has its office in India but the person doesn't???
A V Vishal
(Expert) 15 March 2009
Please refer to FEMA Act & Rules to seek the eligibility of a foreign company to purchase or sell property in India, I opine that in your case it is Hit with the provisions of FEMA
A V Vishal
(Expert) 15 March 2009
Other Members views are solicited
RAKHI BUDHIRAJA ADVOCATE
(Expert) 16 March 2009
Mr. Vishal rightly opined that ur case is hit under the provisions of FEMA.
