Power of Attorney (POA) Registration in Mumbai, Pune, Thane, Nashik & other cities of Maharashtra
A Power of Attorney is a valuable legal document that can simplify various situations, such as property transactions, business deals, and healthcare decisions for a person, teenager, etc. by some other person.
What is Power of Attorney (POA) ?
A Power of Attorney (POA) is a legal document that grants a person or entity the power to act on behalf of another person or entity. The individual or entity authorized to act on behalf of the other is known as the Attorney-in-Fact or Agent. A Power of Attorney is often used in situations where the principal is unable to act on their own behalf, such as in the case of illness, absence, or incapacity.
What are the Documents Required for Power of Attorney (POA) Registration in Mumbai, Pune, Thane, Nashik & other cities of Maharashtra?
To create a Power of Attorney (POA) in Mumbai, Pune, Thane, Nashik & other cities of Maharashtra, the following documents are required:
Identity Proof: The principal and the Attorney-in-Fact must submit their identity proof, such as Aadhaar card, PAN card, or passport.
Address Proof: The principal and the Attorney-in-Fact must provide their address proof, such as Aadhaar card, passport, voter ID card, or driving license.
Property Documents: In case the Power of Attorney is being created for the transfer or sale of property, the property documents must be submitted.
Court Fee: The Power of Attorney document must be stamped with the appropriate court fee, depending on the value of the property or the amount involved.
What are the Steps to Create a Power of Attorney in Mumbai, Pune, Thane, Nashik & other cities of Maharashtra?
Creating a Power of Attorney in Mumbai, Pune, Thane, Nashik & other cities of Maharashtra involves several steps as follows:
Choose the type of Power of Attorney: There are different types of Power of Attorney, such as General Power of Attorney, Special Power of Attorney, or Durable Power of Attorney. The type of Power of Attorney to be created should be chosen based on the purpose and needs of the principal.
Draft the Power of Attorney document: The Power of Attorney document must be drafted by a lawyer or a legal expert. The document must include the names and addresses of the principal and the Attorney-in-Fact, the powers being granted, and the duration of the Power of Attorney.
Register the Power of Attorney:The Power of Attorney must be registered with the Sub-Registrar of Assurances in Mumbai. Both the principal and the Attorney-in-Fact must be present at the time of registration. The court fee must be paid at the time of registration.
Obtain the registered Power of Attorney: Once the Power of Attorney is registered, a copy of the registered document must be obtained from the Sub-Registrar of Assurances. The original Power of Attorney must be kept in a safe place.