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Contract of Power of Attorney ..

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0% found this document useful (0 votes)
25 views

Contract of Power of Attorney ..

Uploaded by

rathiitaniya
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Draft of General Power of Attorney

This deed of General Power of Attorney Is executed on this 3 June 2023 at Delhi.

IT’S KNOWN THAT


Harish Gupta, Son of Mukesh Gupta, Resident of Patel Sansad Marg Area, New Delhi
(Hereinafter referred to as the “First Party” Which expression should unless excluded by
or repugnant to the subject or context be deemed to include Its legal heirs,
Administrators and permitted assign) Off the ONE PARTY

Do hereby appoint, Nominate and constitute

Vikram Sharma, Son of Rajesh Sharma, Resident of Netaji Nagar Southwest Delhi(Here
in after referred to as “Second Party” Which expression shall Unless excluded by
repugnant the subject or context be deemed to include its legal heirs, Administrators
and permitted assigns) of the SECOND PARTY as my true and lawful attorney to
execute/ Or do all or any of the acts or things or deeds and cause to be done in my
name and on my behalf in respect of the land here in after mentioned

WHERAS:

I am the sole and absolute honor and peaceful processor of the following

Residential property measuring 600 sq. Ft. Situated in New Delhi (hereinafter referred to
as the “Property”) having acquired the same vide: by inheritance from father.

I am presently residing at Patel chowk, Sansad Marg Area New Delhi and being
resident outside India as such I am not in a position to attend to/look after the day –to-
day affairs of / maintain the property effectively, Hence, I appoint the above mentioned
Attorney to do the following acts, deeds and things for and on behalf as my legal
attorney holder.

NOW KNOW YE ALL AND THESE PRESENTS WITNESS THAT I, Harish Gupta, son
of Mukesh Gupta, resident of Patel chowk, Sansad Marg Area New Delhi do hereby
appoint, nominate and constitute
As my true and lawful Attorney to execute and/ or do all or any of the acts or as my true
and lawful attorney in my name and on my behalf to do or execute and /or cause to be
done all or any of the acts or things or deeds hereinafter mentioned in respect of the
property, namely:

1. To hold, defend possession of manage and to repair and maintain the property
and other immovable properties by me;

2. To insure the property against damage by fine or other risks as necessary and to
pay the premia for the insurance policies;

3. To pay or make allowance to pay all taxes, rates, assessments, charges,


expenses and other outgoings that are payable with respect to the property;

4. To prepare, sign and file declarations, statements, applications, returns in


connection with the possessing, dealing with and managing the property as may
be required before any government authorities.

5. To enter into developments agreement (with or without irrevocable power of


attorney clauses) with any individual, entity or third party (“Developer’) inter alia
grant authority to develop the property and also to execute such agreements,
deeds etc. In Favor of the developer or its nominee (s) etc. as such Developer
may deem fit and proper.

6. To develop the property or construct house (s)/buildings etc. And pay


development charges, layout charges, betterment charges, property tax, library
tax, dues etc. As may be applicable, on my behalf in respect of the property

7. To sue in my name and on my behalf any person/ company/ firm etc. In any court
of law or other governmental/statutory/quasi-judicial or governmental agencies to
protect my existing and/ or future interest/rights/ claims etc. In and over the
Property.

8. To institute defend and prosecute, enforce or resist or continue any suit or other
actions and proceedings, appeals in any Court anywhere in its Civil and /Criminal
and/ or Revenue and/or Revision jurisdiction or before any tribunal or Arbitration
or Industrial Court, Sales Tax Authorities, quasi- judicial authorities, concerned
town

9. To sue in my name and on my behalf any person/ company /firm etc. In any court
of law or other government /statutory/quasi-judicial or government agencies to
protect my existing and/ or future interest/ rights/ claims etc. In and over the
property.
10. To execute sign, acknowledge, issued all necessary documents/paper etc.
(including but not limited to bond letter) necessary for the purpose of securing/
availing such financial assistance/ loan from banks, financial Property.

11. To do execute and perform all acts, deeds, and things whatsoever which in the
opinion of my said Attorney ought to be done, executed, and performed in
relation to the powers herein above conferred concerning the time for repayment
of the loans.

12. There are some limitations on attorney

 The attorney shall not sell the property without my permission

 The attorney cannot take loan on property without my permission

 The attorney cannot rent out the property

GENRALLY to do all such act/s and deed/s, matter/s or things/s whatsoever my said
attorney, under the power in that behalf hereinafter contained, shall lawfully do, execute,
or perform in exercise of the power, authorities and

FURTHER GENERALLY to do all such acts, deeds, matters and things as may be
necessary as my attorney shall think fit and proper, notwithstanding no express power
or authority in that behalf is hereinafter provided.

FOR EFFECTIVELY performing and executing all the matters and things aforesaid, I
hereby further grant unto my said Attorney full power and absolute authority to
substitute and appoint any other/s in place of such terms as he shall think fit, one or
more attorney (s) to exercise all or any of the powers and authorities hereby conferred
and to revoke any such appointment from time to time and to substitute and appoint any
other/s in place of such attorney as my said attorney shall, from time to time, think fit
and proper

AND WE DO HEREBY AGREE That all acts, deeds, and things lawfully done by my
said Attorney an attorneys shall be constructed as acts, deeds and things done by me
and I undertake to ratify and confirm all and whatsoever that my said Attorney and/or
attorneys shall lawfully do or cause to be done for me by virtue of the power/s herein
above given. Provided that all such actions relate exclusively to the property and its
management thereof;
IN WITNESS WHEREOF, I have executed this POWER OF ATTORNEY on the day,
month and year as mentioned earlier

Signature/Thumb Impression of the

EXECUTER/ PRINCIPLE

-----------------------------------
Harish Gupta

IN THE PRESENCE OF

Witness:

----------------------------------

Name: Sushil Kumar


Address: Wazirabad, New Delhi

Witness:

-------------------------------------

Name: Punit Garg

Address: Kamala Nagar, New Delhi

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