Hi,
Would like to know Whether a Power of Attroney (GPoA/SPoA) has Powers to transfer the said Property to his Wife/Family member by way of Gift/Settlement Deed? If so, any special clasue to be included in the PoA/Deed?
1. YES. It is possible, provided the POA for immovable property, is duly Stamp Duty paid and Registered before the local SRO and further provided the POA has all the relevant strategic clauses mentioning its purposes for Gift Deed /Settlement Deed etc.... which too would require separate Stamp Duty & Registration.
Keep Smiling .... Hemant Agarwal
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