Dear Sirs:
in these days of Indian children living abroad being very common, it also becomes necessary for them to appoint their parents in India to take care of their interests here, which is achieved through the excecution of General Power of Attorney. The clarification i need are:
1.What is the procedure for executing such GPOA by an NRI son to his father ?
2.Whether such GPOA is to be on stamp paper or it is enough to be typed on a plain paper duly notarised.
3.in a recent case,when my friend took one such GPOA,which included future possible immovable property transaction, to a Sub Registrar, he was advised to state the valuation of the property and pay duty for that.As the GPOA is only an authorisation for the agent to act on behalf of the principal on an event which may not happen,i fail to understand the logic behind the Registrar's requiring payment of duty.He (The Registrar) required removal of the mention of the "Immovable property" from the GPOA.Is it correct ?
The above was in Bangalore . Does Rules for registration of GPOAs differ from State to State !
Thanks.
