What is the method to execute a power of attorney?
The most common method to execute a power of attorney is to sign it in the presence of, and get it authenticated by, a Notary Public or any court, judge, magistrate, Indian consul or vice consul or representative of the Central Government as required under sec.85 of the Indian Evidence Act. In the case of individuals, the power of attorney is executed by the principal / donor like any other document.
In the case of partnership firm, the power of attorney in favour of any partner or an outsider must be executed by all the partners. However, if one or more partners hold a general power of attorney executed by all the partners with a power to delegate, these partners can execute a power of attorney in favour of third person for and on behalf of the firm.
In the case of a limited company, the power of attorney in favour of any director or a third person must bear the common seal of the company and is to be executed in accordance with the resolution of the Board of Directors and as per the Articles of Association of the Company. It must be duly authenticated by the Notary Public or other authorities as noted above.