Power of attorney given by a lady partner

naayaab parekh (Querist) 23 December 2011 This query is : Resolved
RESPECTED SIR/MADAM.
I HAVE JUST ENTERED INTO A PARTNERSHIP AGREEMENT TO RUN PARTNERSHIP BUSINESS. ONE OF THE PARTNER IS WOMEN, SHE WISHES TO GIVE HER POWER OF SIGNING CHEQUES/OPERATING BANK ACCOUNT TO HER SON BY EXECUTING GENERAL POWER OF ATTORNEY. IS IT NECESSARY TO REGISTER THE GENERAL POWER OF ATTORNEY. AND WHERE TO REGISTER AND WHAT IS THE FEE. KINDLY ELABORATE.I AM BASED IN GHATKOPAR - MUMBAI-MAHARASHTRA

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ajay sethi (Expert) 23 December 2011
registartion is must if partner wants the power of attorney holder to transfer immoveable property on her behalf . toherwise it is advisable to get it properly stamped and notarised .

if you so desire you can have it regsitered .

Nadeem Qureshi (Expert) 23 December 2011
agree with Mr. sethi

Advocate Rajkumarlaxman (Expert) 23 December 2011
registering the power of attorney can be done in two ways. one is registering it with the Notary that he/she deponent has signed the POA before the notary. and if you involvement is about the transactions between the parties and involves a big/large amounts then its better to register the partnership firm and along with it the POA for operative account holder who is authoritative {POA holder} to operate the account on your behalf.

Advocate Rajkumarlaxman (Expert) 23 December 2011
if any difficulty comes or in detail you require then call me on 9146259966 i am practising at Mumbai Highcourt. I would help you out.

M V Gupta (Expert) 24 December 2011
Registration of a POA, if not involving transfer of immovable property, is not necessary. Notarisation of GPOA is a must. In Mumbai the stamp duty for GPOA (Not involving immovable property) is only Rs.100/-. You have to affix the photos of both the person giving the power and the agent. PAN numbers of both also should be mentioned agaisnt the signatures.

Deepak Nair (Expert) 24 December 2011
Rightly advised by experts.

Sankaranarayanan (Expert) 24 December 2011
i agreed with all experts view and suggestion , particularly mr guptha given well suggestion.

Guest (Expert) 24 December 2011
Agree with experts.

Sailesh Kumar Shah (Expert) 24 December 2011
Agree! No further addition requires.

prabhakar singh (Expert) 24 December 2011
Agree!Mr.Gupta's answer is clean with respect to query and law both.

Devajyoti Barman (Expert) 28 December 2011
Yes the replies are correct and can be relied upon by the author.

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