
A Power of Attorney (PoA) is a legal document that allows an individual (the principal) to grant another person (the agent or attorney) the authority to act on their behalf in financial, legal, or personal matters. In Bangalore, PoA is commonly used for property transactions, business operations, and managing financial affairs when the principal is unavailable.
Types of Power of Attorney
- General Power of Attorney (GPA) – Grants broad powers to the agent, such as managing property, handling bank transactions, or signing legal documents.
- Special Power of Attorney (SPA) – Limited to specific actions, such as selling a property or representing someone in court.
- Durable Power of Attorney – Remains valid even if the principal becomes incapacitated.
- Non-Durable Power of Attorney – Becomes invalid if the principal loses mental capacity.
Process of Registering Power of Attorney in Bangalore
Step 1: Drafting the Document
A lawyer drafts the PoA, clearly defining the powers granted and limitations. It should include:
- Details of the principal and agent.
- Scope of authority.
- Duration (if applicable).
Step 2: Notarization or Registration
- Notarized PoA – If used for general purposes like banking or personal affairs, notarization is sufficient.
- Registered PoA – If related to property transactions, it must be registered at the Sub-Registrar Office in Bangalore.
Step 3: Paying Stamp Duty
Stamp duty varies based on the type of PoA:
- For General PoA (non-property related): ₹200 stamp paper.
- For Property-Related PoA: Stamp duty depends on property value and relationship with the agent.
Step 4: Signing & Witnessing
The principal and agent must sign the document in the presence of two witnesses. For registration, both must visit the Sub-Registrar Office with ID proof.
Revocation of Power of Attorney
A PoA can be revoked by:
- Executing a Revocation Deed.
- Sending a legal notice to the agent.
- Automatically terminating on the principal’s death.
Conclusion
A Power of Attorney in Bangalore is a crucial legal document for delegating responsibilities in property transactions, financial matters, or legal affairs. Whether you need a general or specific PoA, proper registration ensures legal validity and prevents misuse.
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