Power of attorney for NRIs stands for someone based abroad who appoints a POA to complete particular tasks. It includes property sale or purchasing, managing finances etc. This is because NRIs generally have property or a bank account in India that requires regular maintenance. Since it is not possible for them to regularly come back and forth, they appoint a POA.
It is compulsory to validate a POA for a non-resident Indian on a stamp paper as the Indian law states. A person who is appointed a POA must authenticate their signature by the Indian embassy in their country:
These are the following steps an NRI needs to follow to execute the same POA.
Step 1: Prepare a draft for POA with their signatures.
Step 2: Visit the Indian embassy or Consulate in their country and get the POA signed.
Step 3: A grantor can also notarise the deed by any public notary in their country.
Step 4: Send the attested deed via post to their Indian address.
Step 5: The person who receives this deed in India must register it in an Indian Sub-Registrar Office or Sub- Divisional Magistrate Office.
Step 6: Completing the process after paying the charges as applicable in that particular Indian state.
Now, with all the information in hand, you have successfully learnt the basics about power of attorney in India. It may seem difficult at first, but studying each attribute will make you more aware of these legal facts. You must always remember a POA can only be executed with the principal’s permission. It is up to the grantor to decide when to lapse the authority except for situations when they have passed away.
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