General Power-Of-Attorney From Person Going To Reside Abroad Deed Format

General Power-Of-Attorney From Person Going To Reside Abroad

General Power-Of-Attorney From Person Going To Reside Abroad Deed Format

Know all men by these presents I, AB, son of etc. state as follows: whereas I intend to go abroad and stay outside for long. And whereas in the circumstances aforesaid it is necessary and also expedient for me to appoint an agent to look after all my affairs during my absence. Now know ye by these presents I, the said AB, do hereby and hereunder nominate, appoint and constitute CD of, etc., my true and lawful attorney, for me, in my name and on my behalf, either solely or jointly with some other person or persons, to do and execute all or any of the following acts, deeds and things, that is to say:

1. To demand, sue for, enforce payment of, recover, receive and give proper receipts and discharges for, all moneys, debts, goods, effects, securities for money, stocks, shares, or other property, now belonging or hereafter to belong to me which receipts and discharges will exonerate any or all persons so paying without seeing the application thereof and on non-payment or non-realisation thereof to institute suits or other appropriate proceedings for receiving or compelling payment or delivery thereof.

2. To institute, commence, prosecute, carry on or defend or resist all suits and other actions and proceedings or be added as a party or be non-suited or withdraw the same concerning my property or any part thereof, or concerning anything in which I may be a party in any court in civil, criminal, revenue or Revisional jurisdiction, including special jurisdiction of the High Court under Art. 226 of the Constitution of India, etc., before Income-tax, Sales-tax and Wealth-tax Authorities and to sign and verify all plaints, written statements, accounts, inventories, to accept service of all summonses, notices and other judicial processes to execute any judgment, decree or order and to appoint and engage any solicitor, pleader, counsel or advocate and to sign and execute any vakalatnama, warrant of attorney or other authority to act and plead.

3. To accept the transfer of any stocks, funds, shares, annuities and other securities which shall or may at any time hereafter be transferred to me by sale, gift or otherwise.

4. To settle, adjust, compound, compromise or submit to arbitration all actions, suits, accounts, claims and disputes, between me and any other person or persons to compound or compromise the same.

5. To invest with my approval any of my moneys in such manner, at such rate of interest and upon such securities as my said attorney shall in his discretion think fit and from time to time to alter and vary the said investments or any of them into any other investments, and in the meantime and pending such investments as aforesaid, to deposit the said moneys or any part thereof with any banker or bankers to whom my said attorney shall think fit to entrust the same.

6. To vote at the meetings of any company, or otherwise to act as my attorney or proxy in respect of any stocks, shares or other investments now held or which may hereafter be acquired by me in such company.

7. To execute, carry into effect and perform all agreements and contracts entered into by me with any other person or persons, as my own act and deed and/or to cancel and/or repudiate the same without making me liable for any loss or damage by reason thereof.

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8. To draw, endorse and sign any cheques, drafts, pay orders, dividend or interest, warrants or other investments payable to me, and to sign my name and execute on my behalf all contracts, transfers, assignments, deeds and instruments whatsoever.

9. To concur in doing any one or more of the acts, deeds and things hereinbefore mentioned in conjunction with any other person or persons without making me liable for any loss or damage on that account under any circumstances.

10. To enter into any agreement for sale, to sell, exchange, surrender, lease or otherwise dispose of any of my property or properties or portion or portions thereof and to transfer, release any mortgage or charge or also to execute or enforce any powers of sale or other powers under any such mortgages or charges, or otherwise to realize or obtain the benefit thereof in such manner as my said attorney shall think proper.

To execute and register any document or documents in that behalf.

11. To raise loan and/or borrow from time to time such sums of money or moneys on my account and upon such terms as my said attorney may think fit for my benefit only upon the security of any of my properties, whether movable or immovable, and for such purpose, to execute such mortgages, charges, pledges or other securities upon such agreements, terms, conditions as he may think proper.

12. To pay for and discharge any debt or debts, or any part of them, contracted by me or my said attorney, as my said attorney shall from time to time think proper to pay and discharge.

13. To purchase or take on lease or otherwise acquire for me and/or for my use and benefit any property whatever as my said attorney shall think proper.

14. To appoint and engage, transfer, suspend and remove at pleasure any employee or agent, staff workers, for or from permanent, temporary or special service and to settle the terms and conditions and also retirement benefits as he, my said attorney, shall think fit and to determine their powers and duties.

15. To delegate all or any of the powers, authorities and liberties hereunder vested and to appoint any substitute or substitutes limited to any one or more purpose or purposes as he shall from time to time desire in that behalf.

16. And generally to do, execute and perform any other act or acts, deed or deeds, matter or thing whatsoever which in the opinion of my said attorney ought to be done, executed and performed in relation to my property or my concern, engagements and business, or affairs ancillary or incidental thereto as fully and effectually as I myself could do the same if I were personally present.

And I hereby agree and undertake to ratify and confirm all and whatsoever my said attorney, under the power in that behalf hereinbefore contained, shall lawfully do, execute or perform in exercise of the power, authorities and liberties hereby conferred upon, under and by virtue of this deed.

In witness whereof the parties herein have executed these presents on this ……… day of ………

Signed, sealed and delivered by AB and CD

General Power-Of-Attorney From Person Going To Reside Abroad Deed Format

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