What Does a Special Power of Attorney Mean? - PowerPoint PPT Presentation

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What Does a Special Power of Attorney Mean?

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The Special Power of Attorney (SP0A) is one of the legal forms that is used the most in India. People who reside abroad frequently seek the assistance of Special POA India because it grants authority on behalf of the person who needs to delegate one of his or her many powers to another person for a predetermined period of time. – PowerPoint PPT presentation

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Title: What Does a Special Power of Attorney Mean?


1
What Does a Special Power of Attorney Mean?
2
Introduction
The Special Power of Attorney (SP0A) is one of
the legal forms that is used the most in India.
People who reside abroad frequently seek the
assistance of Special POA India because it
grants authority on behalf of the person who
needs to delegate one of his or her many powers
to another person for a predetermined period of
time.
3
Who is the Special Power of Attorney's
Principal?
In SPA India, the one who lives abroad and wants
someone else to handle his or her errands for a
particular thing is referred to as the
Principal, while the individual who accepts
this obligation on their own is referred to as
the Agent.
4
1. The Principal Agent's POA information.
What should a special power of attorney
include?
  1. The specifics of the property or task that is
    temporarily assigned to the agent.
  2. Justification for creating India's Special Power
    of Attorney.
  3. The date on which the SPA begins.
  4. Tasks that the Agent would be expected to
    perform.
  5. Signatures from the Principal and Agent.
  6. Witness signatures and the signature of the
    advocate

5
How Do You Make a Special Power of Attorney?
S T E P 1 Make a power of attorney draft (Poa).
The information must be written down and printed
on the document S T E P 2 On e-stamp paper,
print it out. Choose the Stamp Paper according
to your requirements it is available in 100 or
500- piece increments. S T E P 3 In some
States, registering a power of attorney may be
necessary by law. You can either travel to any
nearby sub- registrar office for offline mode or
conduct your search online through reputable,
easily accessible websites
6
1. The first time you go to the sub- registrar
office to register an SPoA.
How to Validate Special Power of Attorney? Any
document's registration is a good indicator of
its legitimacy. If a document is registered, its
validity is increased. The validity of the SPoA
increases after registration, which implies that
nothing can go wrong and no one can readily
refute it. You must register with the SPA in
order to use it.
  • Print the Special Power of Attorney on Stamp
    paper.
  • The bottom of the document
  • should bear the signatures of the principal and
    the agent.
  • The document's final page
  • needs to have the witnesses' signatures and
    attestations.
  • A notary public may also sign
  • the Special POA if there are no movable
    properties involved.

7
What Does SPoA Cost?
  • For inst a nce, Delhi cha r ges a r ound 1000 /
    - . Even i f i t va r i es f r om s t a t e t o
  • s t a t e . Ea ch St a t e ha s i t s own pr i
    ce l i s t f or va r ious lega l docum ent s .

8
The f ollowing s t eps m ust be f ollowed t o ca
ncel a Specia l POA
How Can I cancel My Special Power of
Attorney in India?
If you are the principal, you must first draught
a deed or a notification of POA cancellation.
The rationale, the event, and the results of the
POA's revocation must be specified in the
deed. Following that, the record or notification
of POA revocation will be printed in local or
national media. The cancellation document must
be filed with the same organization that
established the POA. A copy of the court order or
other notice must be delivered to the agent
informing them of the revocation. The POA
agent's contacts can be informed to stop doing
business with you by sending copies of the
revoked revocation deed to them.
9
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