Power of attorney
Querist :
Anonymous
(Querist) 25 January 2021
This query is : Resolved
Dear Sir,
How can i create a Power of Attorney on my mother's behalf for carrying out certain bank,financial and property related activities,which she is unable to do because of her advanced age ?
Can it be created online ?What are the forms for the same?What are the charges for documentation?
What is thee validity of POA once created ?
PPJ
kavksatyanarayana
(Expert) 25 January 2021
The POA shall be executed by your mother in favour of you as her Agent and it shall be registered at SRO concerned. If the Principal cancels the deed or dies then the agent cannot do anything. To prepare the document, you consult a local Document Writer or a lawyer who drafts deeds.
Querist :
Anonymous
(Querist) 25 January 2021
What is SRO ?
And what are the tentative charges required for creation of POA ?
Are there different types of POA?
kavksatyanarayana
(Expert) 26 January 2021
SRO=Sub Registrar Office. POA, General Power of Attorney and Special power of attorney. Special Power of Attorney is for only one purpose be given and GPA is given for all purposes.
Querist :
Anonymous
(Querist) 26 January 2021
Sir,
Request to update about TENTATIVE charges for GPA?
PPJ
T. Kalaiselvan, Advocate
(Expert) 04 June 2021
To prepare a power of attorney deed, you may have to pay the charges demanded by th lawyer or the deed writer, it varies hence no definite figure may be stated.
If the tasks do not involve the transactions towards immovable property, then you need not get the POA deed executed by a registered document, even the notarised deed will be sufficient to carry out the bank transactions and other movable issues.
