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How You Can Make Sure You Have All Your ‘powers’ Intact

How You Can Make Sure You Have All Your ‘powers’ Intact Failure to uphold these duties, or any breach of these duties, may constitute power of attorney abuse. A large number of issues that happen in the context of NRIs are related to the Power of Attorney (POA). Yet many people still carry a lot of ambiguity in their minds about what this really is. A POA (Power of attorney) is a lawfully issued instrument that establishes a relationship between two people: The Principal and the Agent or Attorney-in-Fact. The person empowering the other to act is called the principal, grantor, or donor (of the power). The Principal thus assigns or authorizes the Agent to act on his/her behalf. It is a letter of attorney or written authorization to represent or act on Principal's behalf in private affairs, legal matters or in business by the Agent. The arrangement of POA is typically meant to ensure the fulfillment of the grantor’s wishes and decisions when the principal is not ava...

Deferment of Possession - Trouble for Defaulters

Deferment of Possession - Trouble for Defaulters : Today’s harsh reality coaches one to fight for what is theirs, even though the affluent and influential throw obstacles in one’s way. Buyers usually spend humongous amounts of money to buy something as essential as a house or even a piece of land for example, and yet, when upon contractual terms they are supposed to

CARETAKER RELATED ISSUES

CARETAKER RELATED ISSUES : Land, which is considered not just the most valuable asset but also the best possible asset to invest the money in, is most often subject to encroachment if left unattended. The legal process of eviction is quite cumbersome and time-consuming as the possessor enjoys certain rights even against the rightful owner. Therefore,

HOW CAN AN NRI GET A POWER OF ATTORNEY?

HOW CAN AN NRI GET A POWER OF ATTORNEY? : A Power of Attorney is a document that demarcates and lists out the powers that are shared with the Power of Attorney Holder. There can be several types of POA’s such as General POA’s and Special POA. Minor and disqualified individuals by the law cannot provide for a POA. POA’s are used

PARTITION OF HINDU UNDIVIDED FAMILY PROPERTY

PARTITION OF HINDU UNDIVIDED FAMILY PROPERTY : The Hindu Law defines a Hindu Undivided Family (HUF) as a family which consists of male lineage decedents from a common ancestor and also includes their wives and unmarried daughters. HUF is also a separate legal entity under the Income and Wealth Tax Act and is liable to pay tax. It is common knowledge that

TAX ON CAPITAL GAINS FOR NON-RESIDENT OF INDIA

TAX ON CAPITAL GAINS FOR NON-RESIDENT OF INDIA : Many people would have wondered what impact would demonetisation have over the real estate industry in India.  Well, after all, it is no secret to us that whenever a property is sold either inherited or personal the first thing people talk about is “kitna black aur kitna white?”. From the day demonetisation was implemented the

BURDEN OF PROOF FOR DOWRY DEATH

BURDEN OF PROOF FOR DOWRY DEATH : Dowry death is the unnatural death of women who are either murdered or driven to suicide through continuous torture or harassment by their husbands or his family in an attempt to extort dowry. Dowry is a sum of money as well as other material things given by the bride’s family to the groom’s family. these