Any property situated in India which has been purchased or inherited by any NRI is called NRI Property. And when such property gets encroached by any other person, in other words, when forceful possession of the property is taken by a stranger only with the intention to grab the property of the legal owner, then […]
Tag: POA
Selling a Property through a General Power of Attorney – Is it even valid?
Sale of property means transferring the title in the property for a sale consideration. The seller transfers the ownership rights in the property to the buyer. A sale deed is the primary legal document which evidences the sale of a property. The sale transaction is complete when the sale deed is executed and registered as per […]
How Power of Attorney Helps NRIs Manage Their Assets
NRIs need a POA to manage their assets in their absence as it helps to complete transactions and avoid delays.
Embezzlement of Power: A True Story
In today’s world of commerce and industry, the need to enter into legal relations, form agreements or even initiate transactions, is an everyday business. It is not surprising to see hundreds of people delegating these functions and powers to another person, through a legal process known as granting of Power of Attorney (POA). This legal […]
HOW CAN AN NRI GET A POWER OF ATTORNEY?
A Power of Attorney is a document that demarcates and lists out the powers that are shared with the Power of Attorney Holder. There can be several types of POA’s such as General POA’s and Special POA. Minor and disqualified individuals by the law cannot provide for a POA. POA’s are used mainly by NRIs […]
Why is General Power of Attorney a pain in the butt?
People are very proactive in life today. So many have already taken the time out to prepare a ‘Will’ or a ‘Trust’ to handle their personal and financial matters after their death. However, the appointment of someone to take medical, financial or even personal decisions for you, while you are alive, and yet incapacitated, disabled […]
Get Your Power in Your Hands – The POA and what to watch out for
It is common for us to have clients call us for legal advice because they have been duped because they ended up giving their ‘rights’ in the wrong hands! Most people treat the Power of Attorney as a simple paper just meant to share responsibilities. The reality is much different. Nonita Singh, one of our […]
Have you checked where you are handing over your power of attorney?
If nothing else, the Modi wave of demonetization and benami property has made people sit up and wake up to the necessity of having all property documents, transactions and cash flows in order! One of the prime ways that NRIs get hassled and harassed over property matters is the Power of Attorney.Why do we need […]