Power Of Attorney
Indians planning to emigrate from India are normally worried as to how there affairs in India would be handled in their absence from India. They may appoint someone to act for and on their behalf, during their absence from India and ensure the smooth running of their day-to-day affairs in connection with their assets and liabilities in India by executing a Power Of Attorney
A power of attorney is an instrument in writing empowering a specified person to act for and in the name of a person executing it. In other words, a power of attorney (POA) is an authorization to act on someone else’s behalf in a legal or business matter. The person authorizing the other to act is the grantor/principal of the power and the one authorized to act is the attorney/agent. It is a unilateral document signed and executed only by the grantor or principal. A power of attorney may be revoked at the instance of the grantor or due to his death or incapacity. A power of attorney is usually construed very strictly.
A power of attorney conferring on the agent the authority to act in a single transaction in the name of the principal is a Special Power of Attorney. If the power of attorney authorizes the agent to act generally or in more than one transaction in the name of a principal, it is a General Power of Attorney.
A single act or transaction is meant to imply either a single act or acts so related to each other as to form one judicial transaction for example power of attorney for sale of a particular property.