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(New POA format of ISS)POWER OF ATTORNEY
(To be executed on Rs. 100/ Stamp Paper)
This Power of attorney is executed on this day of20between:
I. (hereinafter referred to as Client(s)/) S/o ......
Residing
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How to fill out power of attorney
How to fill out power of attorney
01
Obtain a power of attorney form.
02
Read the instructions carefully.
03
Fill out the personal information section, including your name, address, and contact information.
04
Identify the person you want to appoint as your attorney-in-fact.
05
Specify the powers you want to grant to your attorney-in-fact.
06
Sign the power of attorney form in the presence of a notary public.
07
Have the form notarized.
08
Provide a copy of the power of attorney to your attorney-in-fact and keep a copy for yourself.
09
Keep the original power of attorney in a safe place.
Who needs power of attorney?
01
Individuals who want to designate someone to make financial decisions on their behalf in case they become incapacitated.
02
Elderly individuals who may need assistance with managing their finances or making healthcare decisions.
03
Individuals who anticipate being unable to handle their own affairs in the future due to health issues, travel, or other circumstances.
04
Business owners who want to appoint someone to act on their behalf in legal and financial matters.
05
Parents who want to designate someone to make decisions for their minor children in case of their own incapacity or absence.
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What is power of attorney?
Power of attorney is a legal document that grants someone the authority to act on behalf of another person in legal, financial, or health matters.
Who is required to file power of attorney?
Anyone who wants to appoint someone to make decisions on their behalf in case they become incapacitated.
How to fill out power of attorney?
To fill out a power of attorney, you need to specify the powers granted to the agent, sign the document in front of witnesses, and have it notarized.
What is the purpose of power of attorney?
The purpose of power of attorney is to ensure that someone can make decisions for you if you are unable to do so yourself.
What information must be reported on power of attorney?
The power of attorney must include the names of the parties involved, the powers granted to the agent, and the signatures of all parties.
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