Submitted by: Submitted by frizo2012
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Category: Other Topics
Date Submitted: 10/30/2013 09:51 PM
Power of attorney:-
It generally means a document by which one or more person delegates his or their power to one or more person to act for his or their name.
Sec,2 (21) of stamp act,1882:- “power-of-attorney” includes any instrument (not chargeable with a fee under the law relating to court-fees for the time being in force) empowering a specified person to act for and in the name of the person executing it.
Persons eligible to donate power-
i. Person having age of majority,
ii. Person having sound mind,
iii. And person is not disqualified by any law to which he is subject.
Exception:-
Sec,5 of powers of attorney act-1882- A married woman, whether a minor or not, shall, by virtue of this Act, have power, as if she were unmarried and of full age, by a non-testamentary instrument, to appoint an attorney on her behalf, for the purpose of executing any non-testamentary instrument or doing any other act which she might herself execute or do; and the provisions of this Act, relating to instruments creating powers-of-attorney, shall apply thereto.
Types of power-
i. Power of attorney,
ii. Specific power of attorney.
Mode of execution-
Sec,85 of evidence act,1872- The Court shall presume that every document purporting to be a power-of-attorney, and to have been executed before, and authenticated by, a notary public, or any Court, Judge, Magistrate, Bangladesh Consul or Vice-Consul, or representative of the Government, was so executed and authenticated.
Registration of power-
Generally power of attorney need not be registered but in case of immovable property it needs to be registered.
Revocation of power of attorney-
i. If the parties die,
ii. If the parties become insolvent,
iii. If the parties become unsound mind,
iv. If the action is being done by the parties.
Contents of a power-
i. Name of the Court/ notary public,
ii. Identification of donor,
iii. Identification of donee,
iv. Description of powers,
v. Testatum,
vi....