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Dharmish Bhupen Shah (Student)     27 December 2016

Power of attorney

Is it compulsory to register POA in Mumbai? If yes what are expenses related to it?


Learning

 2 Replies

VIJAY G.GANGAN   28 December 2016

No, you can notorised with Notari registration number is compulsory.

If you registered the POA, it increase legal good but there is no difference.

 

Gagandeep Goel (Advocate)     29 December 2016

As a matter of Rule In India, the Registration of power of attorney is not compulsory, it is optional.

But In case of a person or for registration than it is beneficial for him as the generality of the power of attorney cannot be brought into question. There is a presumption attached to the genuineness of money which is registered.

As per my recommendation any one should always execute a registered power of attorney only and the value of the stamp paper should be rupees hundred.

The power of attorney shall be registered in the office of sub- registrar only in the presence of at least 2 witnesses.

The legal charges for getting the job done may vary from Rs. 500 to 5000.


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