Limited Power Of Attorney Format India. Procedure For An NRI Power Of Attorney Format. Sharing rights with any of your family member or a friend by issuing a registered power of attorney is the legal and correct way of managing the property, bank loans, stocks and other assets located in India.
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Power of Attorney is a legal document used to confer powers to person to act on behalf of another person.
The Indiana limited power of attorney form is used for the designation of an agent who is authorized to act on specific decisions for the principal. With a power of attorney you (the Principal) grant another person (an Agent or Attorney-in-Fact) the legal authority or permission to make decisions, as if it were yourself making those decisions. The decision(s) that are permitted may be for anything from paying bills to purchasing or selling a home to benefit of the principal.