Hello everyone -
I hold a GPA from my father which gives me the ability to execute a JV agreement and perform all necessary actions required for a JV agreement including giving a POA to the builder for his purposes (particularly stated in the GPA). This GPA was registered with the Sub-Registrar's Office just last month. Initially I was told by the builder, that it would be sufficient and I can sign but now he says I cannot sign on behalf of my father as a Power holder cannot give power to another person. Why is this? I am getting different views on this. Could someone clarify why this is a problem and would not be accepted? The builder needs a special POA to sell to future builders and perform the duties.
Please share your views? Thanks!