Power of Attorney (POA) in Pune

Power of Attorney Online | POA in Pune | General Power of Attorney (GPA) | Special Power of Attorney (SPA) | Power of Attorney Format | Power of Attorney for Property | Power of Attorney for Sale of Property | Power of Attorney for Property Registration

What is Power of Attorney?

A Power of Attorney is a legal document that allows one person (the Principal) to grant another person (the Agent or Attorney-in-Fact) the authority to make decisions and act on their behalf in legal, financial, or health matters.

Types of Power of Attorney

1. General Power of Attorney: Grants broad authority over various acts, like financial transactions and property management.
2. Special Power of Attorney: Limited to specific tasks or transactions, such as selling a particular property.
3. Durable Power of Attorney: Remains valid even if the Principal becomes incapacitated, covering decisions during incapacity.
4. Non-Durable Power of Attorney: For specific transactions or periods; invalid upon Principal’s incapacitation.
5. Medical Power of Attorney: Allows decision-making in healthcare matters if the Principal is unable to do so.
6. Financial Power of Attorney: Specifically for managing the Principal’s financial affairs, including banking and investments.

For a more detailed guide, refer to Types of Power of Attorney: A Comprehensive Guide

Top Power of Attorney Lawyers in Pune

1) Name: Arjun Singh

• Qualification: LL.B, National Law School of India University
• Experience: 15 years
• Specializes In: General and Durable Power of Attorney, Estate Planning

2) Name: Priya Krishnan

• Qualification: LL.M in Corporate Law, Pune University
• Experience: 10 years
• Specializes In: Financial Power of Attorney, Corporate Law

3) Name: Rohan Iyer

• Qualification: LL.B, Christ University Law School
• Experience: 8 years
• Specializes In: Non-Durable Power of Attorney, Real Estate Transactions

4) Name: Anjali Rao

• Qualification: LL.B, M.S. Ramaiah College of Law
• Experience: 12 years
• Specializes In: Medical Power of Attorney, Health Care Law

5) Name: Vivek Menon

• Qualification: LL.B, University Law College, Pune
• Experience: 20 years
• Specializes In: Special Power of Attorney, Litigation and Dispute Resolution

To connect with Lawyers in Pune, check Property Lawyers in Pune

Cost of Making Power of Attorney in Pune

Power of Attorney Drafting – Rs. 3,499/-

Power of Attorney Notarization – Rs. 3,999/-

Power of Attorney Registration – Rs. 6,499/-

Benefits of Power of Attorney

• Provides flexibility to the family members
• Cannot be transferred
• Avoids non-utilization of wealth in needy times
• Not valid after death

Procedure to Make Power of Attorney in Pune

1. Draft the Power of attorney whether special or general, by a documentation lawyer or through a website
2. Submit the power of attorney with the Sub-Registrar.
3. Attach the supporting documents with the power of attorney.
4. Attest the power of attorney before the Registrar.
5. Attest of a power of attorney by 2 witnesses.

Documents required for registering Power of Attorney in Pune

1. Passport-size photo of parties.
2. Address proof of parties.
3. Identification proof like Driving License, Voter ID card, Aadhaar Card, etc.
4. Tax Receipt or Index II or Electricity Bill of the Property (in case PoA is related to the property).

Power of Attorney for Property Registration in Pune

1. Drafting: Create the POA document detailing the Principal’s and Agent’s information, powers granted, and duration.
2. Stamp Duty: Execute the POA on appropriate non-judicial stamp paper as per Karnataka’s stamp duty norms.
3. Notarization: Get the POA notarized by signing it in front of a Notary Public.
4. Registration: If the POA includes authority for property sale, register it at the Sub-Registrar’s office where the property is located.
5. Witnesses: Sign the POA in the presence of two witnesses.
6. Documents: Attach passport-size photos and ID proofs of the Principal and Agent.
7. Submission: Submit the POA with all documents for registration.
8. Collection: Collect the registered POA document from the Sub-Registrar’s office.

Process of Making Power of Attorney for NRI in Pune

If you live outside of India and want to delegate authority to someone in Pune, India, you must follow these steps to create a Power of Attorney deed

• On plain white paper, write the power of attorney to purchase a property deed.
• A Notary in the country or state in which you live there should attest to the draught from the Indian Embassy or Consulate there.
• All pages of the deed must be signed by the Grantor.
• By registered mail or courier, send the documented Power of Attorney deed to your authorized party in India.
• According to state regulations, the person to whom you transmit the deed shall get it registered at the assigned government agency. It could be the office of the Sub-Registrar or the office of the Sub-Divisional Magistrate.

How To Cancel a Power of Attorney in Pune?

If you have granted a power of attorney to someone and want to revoke it, you can do so by following a few simple steps. Here’s how:

1. Draft Revocation Deed: Create a legal document stating the cancellation of the power of attorney, including its details, execution date, and revocation reason.
2. Execute with Witnesses: Sign the deed in the presence of two witnesses who also sign it.
3. Serve Notice: Notify the power of attorney holder of the revocation, providing them a copy of the deed.
4. Register the Deed: Register the deed with the sub-registrar to make the revocation legally binding.
5. Retrieve Original POA: Collect the original power of attorney document to prevent further use.

FAQs on Power of Attorney

Que.1 Can an Agent Misuse a Power of Attorney?
Yes, there’s a risk of misuse. Choose a trustworthy agent to avoid unauthorized asset transfers.

Que.2 What Legal Powers Can a Power of Attorney Grant?
It can include managing property, handling financial and legal matters, and making healthcare decisions.

Que.3 How Many Copies of a Power of Attorney Should I Sign?
Only one original copy needs to be signed.

Que.4 How Do I Choose an Agent for a Power of Attorney?
Select a reliable person, often from close family, who won’t misuse the authority.

Que.5 Can Multiple Agents be Appointed in a Power of Attorney?
Yes, you can appoint multiple agents, either to act jointly or separately.

Que.6 Who Monitors the Agent’s Actions?
Principals must self-monitor their agents, as there’s no official body overseeing them.

Que.7 What if the Agent Ignores My Instructions?
You can revoke the Power of Attorney if the agent doesn’t follow your directives.

Que.8 Does a Power of Attorney Expire?
It remains valid until the principal’s death unless specified otherwise.

Que.9 What are an Agent’s Duties?
Agents must manage and account for the principal’s property separately and responsibly.

Que.10 What if I Relocate?
A Power of Attorney remains valid if you move, but updating it is advisable.