Power Of Attorney
Anju
(Querist) 30 May 2010
This query is : Resolved
Sir,
I wd like to know that whether power of attorney has a validity of time.
My father had issued a POA in my favour in 2008,kindly tell me its still valid after 2 years?
A V Vishal
(Expert) 30 May 2010
The Power of Attorney survives till
1. The cancellation of the Power of Attorney deed by a revocation deed
or
2. The death of principal or agent
or
3. The happening or impossibility to perform the purpose for which the Power of Attorney is executed
krantiveer
(Expert) 30 May 2010
The power of attorney survives till the principal wishes, if it is given without consideration.
Though there are amendments in giving POA to persons other than close relatives. Stamp duty is charged on the value of property as charged for purchase if the agent is not a close relative of the principal.
Anju
(Querist) 30 May 2010
Thanks pawar and vishal
B.B.R.Goud.
(Expert) 30 May 2010
yes i do agree with learned counsel friends
Uma parameswaran
(Expert) 30 May 2010
POA has valid period.If it is cancelled by the principal or if the intention or purpose of the POA has taken place ,then the validity period of the POA comes to end.
