Power of Attorney in Greater Noida
There are several situations in a person’s life where the person possessing properties, bank accounts, etc. may not be in a position to perform his duties due to reasons such as being abroad, ill, old, etc. In such situations, if the transaction requires the involvement of the person who cannot be present personally, the only way of doing so will be to allow another person to act on behalf of the person. This is when the power of attorney deed is to be made. It is very common these days to give a trustworthy person the power to make registrations, sell or rent out, etc.
Power of Attorney Deed in Greater Noida
Power of Attorney Deed in Greater Noida is for the residents of Greater Noida. It is a legal document by which a person gives the right to perform or powers of transacting in matters relating to the property, banking, legal and judicial proceedings, tax payments, etc. to another person due to certain reasons such as being out of the country, getting old or not able to look after one’s duties in those matters, etc.
The person who grants the power to another to act on his behalf is known as “Principal” or “Donor”.
The person to whom the power is granted is known as “Attorney” or “Donee” or “Agent”.
Important clauses in Power of Attorney
Certain mandatory clauses need to be included in Power of Attorney:
- Name, age, address, and occupation of the Principal.
- Name of the attorney.
- Reason for granting the power of attorney that should be legally valid.
- Date and place of making the power of attorney deed and date from which it comes into force.
- Date of termination of the power of attorney if it is limited by time. If no time is stated then mention whether the power of attorney is durable or non-durable.
How does the Power of Attorney benefit you?
The power of attorney deed is a very flexible legal document that can be utilized by people in many different scenarios to assist them in both day-to-day affairs as well as complex legal arrangements. It acts as a protection against costly court proceedings in the event a person becomes incompetent to handle his affairs then his agent can handle all his affairs without the need of a guardian or any other third person being appointed by the court.
How We Can Help You?
We, at Easy Drafting, aim to help you get the power of attorney deed in Greater Noida. We have a team of professional and legal experts. You can contact us for drafting the deed or for consultation. We are happy to help you any time.
Contact us now to avail of our services.