No Tags Found!

Builder X has developed a society in Bangalore where a couple Mr. and Mrs Y (resident of Mumbai) bought an apartment. Before registration of the apartment, Mr. and Mrs Y sold the property to me, and then the builder did an internal transfer via an assignment agreement. The builder will be registering the property in my name with Mr. and Mrs Y as consenting witnesses at the sub-registrar office.
Now Mr. and Mrs Y canít travel to the sub-registrar office and are doing a GPA so that a relative can appear at the sub-registrar office as a consenting witness. Is there any issue with this process? Is there any specific format for the GPA? Does the GPA need to be registered at any specific sub-registrar office?

From India, Bengaluru

This is not forum to discuss such issues as it is a pure legal issue. With that caveat, yet as a matter of general information the position is made clear that a General Power of Attorney (GPA) suffices in this regard. There is no specific issue in using it and is a reliable document. A general power of attorney is the most frequently used power of attorney that grants someone more generalized authorization to handle your affairs. By executing a GPA a person named therein is authorised to act, appear etc on your behalf as an agent as per Contract Act 1872 is a special contract. Such an agent could handle a variety of tasks, including entering contracts or buying or selling real estate. The usual type of formats for GPA are available on the net and could be downloaded but it is always preferable to take the assistance of an experienced advocate. As regards registration it is to be seen from the position in the respective state where the GPA is executed although as a general rule this not required to be compulsorily registered. The purpose being specific, instead of GPA a special or limited power of attorney is more suited.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.

Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ģ

All Copyright And Trademarks in Posts Held By Respective Owners.