IntroductionThe Property Transfer Act, often a subject of great interest for both domestic and non–resident Indians (NRIs), significantly regulates property transactions in India. This legislation governs the transfer of property from one entity to another. Understanding the rights and obligations of NRIs regarding property transactions in India is crucial. Furthermore, the Property Transfer Act plays […]
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 […]
In today’s world, signing an agreement and entering into a contract is of utmost importance. Therefore, POA is an essential element in every estate plan. Granting a Power of Attorney for delegating all decisions to another one by sharing decision-making power is an easy and legal way. Therefore, to some solve legal issues, POA is […]
What can be better for an NRI than having a hand in the growth and prosperity of his motherland? Perhaps nothing is better than it. It motivates NRIs to invest in India.NRIs buy property in India as It helps them to stay connected to their roots It is an investment opportunity Investment decisions are generally guided […]
NRIs need a POA to manage their assets in their absence as it helps to complete transactions and avoid delays.
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 […]
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 […]
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 […]
Everyday complexities, duties and workload demand high-level multi-tasking which makes it tough for an NRI to tackle business in India. This can be solved with the help of Power of Attorney (POA). The need for POA has increased over the years due to the changing working environment and lifestyle which requires a lot more commitments […]