For an NRI, selling property in India is quite a challenge – the traveling and the time wastage, the financial loss as well as the employment hassles, and the rules and regulations that follow the sale of property. It is not easy for a person to travel back and forth from time to time and understand the law that governs the sale of assets. Therefore, issuing of a POA to a citizen of India who knows all the rules and can be trusted is the best solution.
Power of Attorney (POA) is a legal document that provides a person the authority to give another individual the right to act on his/her behalf. It can be issued to sell or buy a property or make financial and legal decisions.
Two types of POA can be issued – General POA and Special POA. General POA is when one give full rights to the holder to administer various transactions on his/her behalf without any limitations such as property deals (selling and buying), banking matters, legal decisions, etc.
Specific POA is when one specifies the role that the holder will perform on his/her behalf i.e. gives restricted or limited authority. Once the purpose of the POA is completed, it automatically becomes invalid i.e. null and void.
As the Specific POA is considered invalid after the completion of the work for which the authority was granted, there is no need to worry about any wrong doing on one’s name. Therefore, one can say that it is safer to issue Specific POA to safeguard himself/herself from any fraud or litigation in the future.
Although granting a General POA to another person is more convenient and ensures smooth sale process, one should be alert about the misuse of the powers given by him/her. Hence, a Specific POA at one point can ensure simple transactions, and on other end protect you from the power misuse. An NRI should make sure to seek legal help when drafting a POA.
It is crucial that people educate themselves about Power of Attorney as it can make an NRI’s life comfortable and land him/her in trouble.
Tips for preparation of POA:
- The role and rights being granted should be specifically mentioned clearly.
- Make sure the holder of POA is trustworthy.
- Seek legal advice or help while preparing the POA.
- Make sure to use stamp papers, get it registered with Sub-Registrar and then notarised.
- Keep a copy of POA with yourself.
Kozhikode was always a prosperous trading town and has been the capital of the Zamorin dynasty. In the present times, trade came to depend on exporting Indian labour to the Middle East. Agriculture and Timber Industry are also vital to the economy.
The scenic location near the Arabian Sea on the west of the city and the magnificent peaks of the Wayanad hills on the east makes this an enviable place to live in and a must see tourist place. Lush green countryside and the city’s romance with historic sites makes it a fascinating place for visitors.
The main beach here is marked by the presence of an old lighthouse which is a mysterious story element and a preferred place to watch the sunset.
Other interesting sites to visit in this city are the Mishkal Mosque which is an attractive architectural spot. There are traditional temples of the Kerala style. Some of them have brass carvings on wooden roofs. The Regional Science Centre and Planetarium is yet another source of knowledge and tourist interest.
A breathtaking and enjoyable bird sanctuary in the southern part of the city is home to many birds, including some rare migratory ones. Visitors to the city can opt for hiking trips through the forests. It has been widely felt by all who visit that Kozhikode is one of the most pristine backwater locations. The simple life of its citizens combined with the excellent food variety steals the hearts of one and all.
It is almost therapeutic to visit this area. Some of the other sites that can be visited while you’re here are – Art Gallery, Kallai River, Kozhippara Falls, Thusharagiri Waterfall, the Peruvannamuzhi Dam, Lion’s Park, Tali temple and the Sweet Street (Mithai Theravu).
Plan a trip soon!