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What are all the purposes for which a General Power of Attorney can be executed?  What is the meaning of a Special Power of Attorney?

- by Arunachalam, HSR Layout

[A] The executant  of a Power of Attorney can  assign all the legally permissible activities to his attorney holder to be performed on his behalf. The following are some of the  powers which the executant can assign to his attorney holder under a power of attorney:

To buy, sell, maintain and Manage and  pay taxes in respect of the property of the executant. 
To conduct  banking transactions on behalf of the executant.
To Invest, or not invest,  money  in stocks, and securities,   bonds and mutual funds, etc., on behalf of the executant.
To make legal claims and conduct litigation for and on behalf of the executant.
To attend to tax matters of the executant.
To make gifts on  behalf of the executant.
To utilize the assets of the executant and meet the expenses of the family and of the executant.
To buy and sell insurance policies and annuities for and  on behalf of the executant.
To conduct the business activities for and on behalf of the executant 

[B] Power of Attorney executed by a person in favour of another to act on his behalf for specific purpose is called Special Power of Attorney. If a person is unable to go over to registry office to present a document executed in his favour or to admit execution of document executed by him, such power of attorney shall be authenticated or attested by the Sub Registrar. 

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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 planning to buy a site.  Site owner is in USA. He has given GPA to his relative. I came to know that there are different types of GPAs. If I want to buy that site, how to know what kind of GPA he gave  to his relative. If the person is in USA is it possible to give GPA to the other person?

Q:- Most of the property developers in Bangalore enter into Joint Development Agreement with the land owners who would give General Power of Attorney in favour of the property developer.  Such property developers sell their share of flats based on the General Power of Attorney held by them. Suppose the GPA executor dies how does the property developer gets right to deal with the flats allocated to him after the death of the GPA holder?

Q:- I have purchased a property within the municipal limits of Shimoga.  As I went abroad immediately after signing the sale deed, my close friend presented the document for registration which was accepted and registered.  Later on I came to know that the presentation should be either by the executant or claimant or only a duly authorized agent through power of attorney.  I have not given any power of attorney to my friend.  I am told that the registration is invalid.  Please advise me.

Q:- I am planning to buy a site. The owner is in U.S.A. He has given the GPA to his relative. I came to know that different types of GPAs are executed. If I want to buy this site, how do i know as to what kind of GPA he has given to his relative?  If the person is in U.S.A., is it possible to give GPA to the other persons?

Q:- I am planning to buy a site, site owner is in U.S.A., he gave GPA to his relative; I came to know that different types of GPAs are there.  If I want to buy that site, how to know, what kind of GPA he gave it, to his relative.  If the person is in U.S.A., is it possible to give GPA to the other person.