General Power of Attorney (India) by OLL
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General Power of Attorney
Know All Men by These Presents that, I, RP s/o late GR, r/o …………………………., do hereby appoint Mr. SK, Advocate, s/o Late BN r/o ………………………….. as many attorney and authorise them to do all or any of the thing jointly or severally on my behalf.
1. That the said attorney shall demand, collect and receive in my name and on my behalf all debt, loans advantages and other claims do to me . The are further empowered to take all lawful proceedings and means to recover and receive the said loans advances and debts etc. They are empowered to prosecute and defend to lawful action suits and claims and refer the matter to arbitrators, file the suit, compromise the suit and execute such instruments as they think proper and necessary.
2. The said attorneys are empowered to borrow from time to time such loans and advances as they think proper in my interest and furnish security of movable and immovable property on such terms and conditions as the think proper.
3. The said attorneys are empowered to sell, exchange, surrender, lease or depose of any houses and buildings lands, etc, which belong to me in such manner as they thing proper and expedient.
4. The said attorneys are empowered to invest my monies as my attorneys as any of the think proper and expedient .
5. The said attorneys are empowered jointly and severally to deposit the monies they collect on my behalf in my bank account.
6. The said attorneys are authorised to draw, accept, endorse, negotiate, retire, and pay any bills of exchange, promissory note cheques, and other negotiable instruments, as they think proper and expedient in my interest.
7. The said attorneys are authorised to operate to my bank account, close the bank account open bank account in some other bank as they think proper and expedient in my interest.
8. The said attorneys are authorised to let out or to give on lease my properties to the persons they think proper, recover rent, already due, and recover the rent as may due in future from time to time. They are further authorised to sue the persons for recovery to rent, to compromise the sue and do all other works concerning with it .
9. The said attorneys are authorised to take the property on lease and execute lease deed for and on my behalf as my attorneys.
10. They are authorised to call upon shares belonging to me and attend the meetings of any company of which I am the shareholders.
11. The said attorneys are authorised to appoint, or remove the agents to look after my estate and fix the salaries etc. of the agent of my behalf as my attorneys.
12. The said attorneys are authorised to do generally of all such things and acts as may attorneys or attorney, which shall be binding on me.
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This template is a General Power of Attorney that allows an individual to appoint an agent (attorney-in-fact) to manage their legal and financial affairs. It grants broad powers including managing bank accounts, handling property transactions, initiating legal proceedings, and collecting debts on the principal's behalf.
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About this template
What is this template?
This document is a general power of attorney that creates a broad agency relationship for managing all aspects of a person's estate. It is not a Special Power of Attorney, as it does not limit the agent to a single specific transaction like a property sale. It contains specific permissions to borrow money against immovable property and to manage bank accounts.
When should you use it?
Use this when you need a representative to handle your entire financial and legal portfolio in India indefinitely. Use a Special Power of Attorney instead if you only want the agent to perform one specific act, such as signing a single sale deed.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Debt Collection and Litigation | Authorises the attorney to collect all debts and loans and prosecute or defend lawful actions, suits, and claims including arbitration and compromises. |
| 2 | Borrowing and Security | Permits the attorney to borrow money and furnish movable or immovable property as security for such loans. |
| 3 | Property Disposal | Grants power to sell, exchange, surrender, lease, or dispose of houses and buildings belonging to the principal. |
| 6 | Financial Instruments | Authorises the attorney to draw, accept, endorse, and pay bills of exchange, promissory notes, and cheques. |
| 7 | Banking Operations | Allows the attorney to open, operate, and close bank accounts in the interest of the principal. |
| 11 | Management of Estate | Permits the attorney to appoint or remove agents to look after the estate and fix their salaries. |
Who it's for
- an individual in India granting broad financial and property management powers to an advocate or trusted representative
- a property owner needing an agent to execute lease deeds and collect rents in their absence
- a shareholder requiring a representative to attend company meetings and handle share calls
How long it runs and how it's signed
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