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I am an overseas citizen of India.  I am looking to make a Power of Attorney to allow my brother to purchase a flat in my name and on my behalf.  I would get the Power of Attorney notarized and then validated by the Indian consulate. My question is can I make a single Power of Attorney for obtaining the loan from the bank and to authorize him to negotiate and deal with any property for purposes of purchase and registration of the property in my name? 

- by Sudha Jamthe, Boston, USA

You may execute one single Power of Attorney for all the proposed actions to be executed by your attorney holder on your behalf.  The validly executed General Power of Attorney can contain all the clauses which you would like to delegate to your attorney holder including selecting and purchasing  the property, borrowings from the bank, entering into agreement to sell, execution of  sale deed, and disposal of such property by way of  mortgage, sale or gift etc. You may please note that after notarization of the General Power of Attorney in USA, the deed of power of attorney  needs registration in the office of the concerned District Registrar within four months of such receipt of the same in India upon payment of necessary stamp duty.

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These are all the legal questions answered by Advocate S.Selvakumar in various magazines, in various occasion including realestate reporter monthly.

QUESTIONS

Q:-
I am an Indian settled in the US.  I am planning to buy property in India, and for that I need to give a 'General Power of Attorney' to my father. For this

1. Do I need to get it attested by the Indian Embassy or is a notarized Power of Attorney enough?

2. I have downloaded the miscellaneous form from the embassy site which says signature of the applicant must be notarized. 

I would be sending that Form and a Notarized General Power of Attorney along with my photo. My sign on the GPA would be notarized. Do I need to notarize the signature on the form too?


Q:- I am an NRI (Non Resident Indian), looking to make a Power of Attorney to allow my brother to purchase a flat in I on my behalf.  My question is, can I make a single Power of Attorney in favour of my brother  for obtaining housing  loan from the bank and to deal with the property developers for purchase and registration of the flat on my behalf?

Q:- I am an NRI. My younger brother has forged my signature and created a fake power of attorney and has taken a loan from bank against my house and now he claims that the house belongs to him. What should I do under the circum-stances?

Q:- I am an overseas citizen of India.  I am looking to make a Power of Attorney to allow my brother to purchase a flat in my name and on my behalf.  I would get the Power of Attorney notarized and then validated by the Indian consulate. My question is can I make a single Power of Attorney for obtaining the loan from the bank and to authorize him to negotiate and deal with any property for purposes of purchase and registration of the property in my name? 

Q:- Can NRI/PIO repatriate the sale proceeds of residential/commercial property in India acquired by way of inward remittance through normal banking channel or by debit to NRE/FCNR (B) account? If so, what is the quantum?