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Transfer of power of attorney

rajsekarlav - Member Since: Feb 2011
Subject - Transfer of power of attorney
Anybody help me, how to transfer power of attorney?
Thanks in advance
advocate_sroy - Member Since: Nov 2009
Subject - Re: Transfer of power of attorney
A power of attorney (PoA) is an instrument through which you acquire a power to do certain duties and work. You can transfer your duties in a PoA to another person by entering into another PoA with the trenaferee/attorney. Remember that you can only transfer those powers/duties which are specifically assigned to you, else you need to take approval.

RoyS
tyagidutt - Member Since: Apr 2011
Subject - Re: Transfer of power of attorney
Sir, What if the person to him POA (or part of POA) is transfered and he is not a reliable peson for first-one. In that case if he (The 3rd one) does something wrong then what the first man should do.
advocate_sroy - Member Since: Nov 2009
Subject - Re: Transfer of power of attorney
Hi Tyagi... I really could not get your question. Nevertheless, I would like to share that a PoA is only give to a peron to who you/company trusts. The attorney should do the duties described in the PoA with such deligence as the grantor would have. Moreover the transfer of powers in a PoA to a third person should be done with the consent of the grantor. If the attorney transfers the power which he receives from the grantor to the third peron without the consent of the grantor then in such a case the attorney remains liablr to the grantor for the acts and deeds of the third party. As a thumb rule never give powers through a PoA to a non-reliable person, even if the powers given are limited.

RoyS

 


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