Legal Question in Banking Law in India

Re: power of attorney

POA enables attorney to execute ,doesnt mean original exectour lost, he does have power

Re: power of attorney

while the GPA is in force, the Executor can not execute any further deed on his behalf. If he wishes to do so, he has to intimate the POA holder OR cancel the GPA (with proper intimation to the Agent) before any transaction.

Re: power of attorney

The PoA holder is only an agent of the executor of PoA. Therefore, the original owner / executor of PoA is entitled to carry out transactions directly unless there is an another agreement / contract restricting his rights e.g. PoA is at times given just to facilitate a transaction of sale, whereas the real contract is "Agreement to Sell", etc.

Please provide complete facts for appropriate opinion.

Re: power of attorney

Generally POA holder is given the power to sign and do all transactions on behalf of the executor but that does not mean that the executor cannot take action on his own.