Who Is Poa Attorney ?
A power of attorney is the type of legal instrument or arrangement which would allow a person to act on the behalf of another. Governed under the Power of Attorney Act, 1882, Section 1A of the ACT, provides that a power of attorney affidavit empowers a specified person to act for and in the name of the person executing it. As has been provided under Section 2 (21) of the Indian Stamp Act, 1899, Power-of-attorney would empower a specified person to act for and in the name of the person executing it. Generally, POA power is given for property matters, however a person could also be entrusted to perform some other responsibilities as well, which have been discussed below. A POA is an authority which is given by a person or grantor or a principal to an agent or agents. A POA holder will be an agent as per Section 182 of the Indian Contract Act, 1872. Types Of Power Of Attorney- There are two types of power of attorneys in India- General Power of Attorney and Special Power of Attorney. Gen...