Question

if a power of attorney is in respect of an immovable property of value more than rs100 it must be registered.

Answer 1

Power of Attorney

One of the fundamental and important principals of modern management system is ‘Delegation of Authority’ every one of us, be it an individual, sole proprietorship concern, partnership firm, private limited company, public limited company or any other form of organization or person or entity can always delegate our powers to some one for execution of any work. The legal terminology used for the documentation with regard to such delegation is ‘Power of Attorney’. The power can be conferred specifically or generally, acid test to decide the type is the subject matter, restriction and powers conferred therein.