Rahul Gupta 14 May 2023
Advocate Bhartesh goyal (advocate) 14 May 2023
The power Of Attorney is only valid as long as the principal is alive.Validity of POA after the death of principal automatically terminated.The actions done by the attorney holder after death of principal, he/she shall be responsible.
Sidhhi 14 May 2023
Dr J C Vashista (Advocate) 14 May 2023
PoA is valid during the pleasure / life time of executant (principal) irrespective of its terms and conditions. .
kavksatyanarayana (subregistrar/supdt.(retired)) 14 May 2023
Yes. Agreed with the same.
T. Kalaiselvan, Advocate (Advocate) 15 May 2023
Section 202 of the Indian Contract, 1872 provides that where the agent has himself, an interest in the property which forms the subject matter of the agency, the agency cannot, in the absence of an express contract, be terminated to the prejudice of such interest.
Irrevocable power of attorney creating an agency, wherein the agent has an interest in the property and which forms the subject matter of such agency created for valuable consideration, the agency cannot be terminated to the prejudice of such interest, unless there is an express contract to the contrary, nor can it be terminated by death of principal.
A POA deed coupled with interst/consideration cannot be revoked even after the death of the Principal, at least to the extent of the consideration/interest to the power agent.
Niharika Lohan 17 May 2023
Hi Rahul Gupta. I’m Adv. Niharika and this is my take on your query.
It depends upon the terms and conditions laid in the POA.
I hope you find the information useful and for further query you can contact me at niharikalohan@yahoo.com