Managing Assets in India for NRIs: The Power of Attorney Route

Navigating the intricate landscape of property management in India can be challenging, especially if you're an NRI. Fortunately, Power of Attorney (PoA) offers an effective instrument for those living abroad. In fact, due to its manifold benefits, many resident Indians are also opting for this route, especially when they can't be physically present for every transaction. VR Associates Law Firm , renowned for its expertise in handling NRI property issues, sheds light on the nuances of PoA for a smoother experience. Understanding Power of Attorney At its core, a PoA is a legal tool where an individual (principal) grants authority to a legal representative. This bond commits the principal to any actions taken by the representative. For example, if an NRI has invested in real estate in India but can't be present for the registration, a PoA allows them to delegate these responsibilities to a trusted relative or friend. Types of PoA: Know Your Options Special PoA Limited in natu...