POWER OF ATTORNEY
This deed of Power of Attorney is executed on this at .
BE IT KNOWN THAT
, S/oD/o , resident of (hereinafter referred to as the "Principal" which expression shall, unless it be repugnant to the context or meaning thereof, means and includes its heirs, executors, administrators, legal representatives/ the partners or partner for the time being of the firm the survivors or survivor of them and the heirs, executors, administrators of the last surviving partner and his or her assigns/ its successors and assigns ) of the ONE PART
do hereby appoint, nominate and constitute
, S/oD/_______, resident of (hereinafter referred to as the "Attorney" which expression shall, unless it be repugnant to the context or meaning thereof, means and includes its heirs, executors, administrators, legal representatives/ the partners or partner for the time being of the firm the survivors or survivor of them and the heirs, executors, administrators of the last surviving partner and his or her assigns/ its successors and assigns ) of the OTHER PART
WHEREAS:
I am the sole and absolute owner and peaceful possessor of the following:
commercial property admeasuring : (sq. ft) situated in: (hereinafter referred to as the "property" and morefully described in the Schedule below), having acquired the same vide a sale deed dated registered as at Sub Registrar Office .
We are currently non-residential India and are not in the position to attend to / conduct day-to-day business with respect to the property effectively. .
Hence, I appoint the above-mentioned Attorney to do the following acts, deeds and things for and on my behalf as our legal attorney.
NOW KNOW ALL AND THOSE PRESENT WITNESS THAT
I, , S/oD/o -, resident of do hereby appoint, nominate and constitute , S/oD/o , resident of
as my true and lawful Attorney to execute and/or do all or any of the acts or things 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 deed hereinafter mentioned in respect of the property, namely:
1. To hold, defend possession of, manage, repair and maintain the Property acquired by me;
2. To insure the Property against damage by fire or other risks as necessary and to pay the premium for the insurance policies;
3. 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, and returns in connection with possessing, dealing with and managing the property as may be required before any government authorities.
5. To reorganize and modify the property as per requirements and pay development charges, layout charges, betterment charges, property tax, dues,etc. as may be applicable, on our behalf in respect of the Property.
6. To enter and engage into such agreements so as to lease portions of the whole of the property to vendors, corporations or any company whatsoever on our behalf in respect of the property,
7. To file legal injunctions or initiate litigation and pre-litigation procedures on our behalf against any person, company or firm etc. in any court of law or other government, judicial or quasi judicial to protect our existing 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, civil or criminal, tribunal or arbitration or industrial court, Sales Tax authorities, to execute Vakalthnama and other authorities to act and to plead and sign any verify plaints, written statements, petitions and other pleadings including pleading under Article 226 of the Constitution of India and also to present any Memorandum of Appeals, Accounts, Inventories to accept service of summons, notices and other legal processes, enforce judgement, execute any decree or order, to appoint and engage advocates, tax practitioners and other agents, etc. as the Attorney think fit and proper and to adjust, settle all accounts, to refer to arbitration all disputes and differences to compromise cases to withdraw the same to be non suited and to receive delivery of documents or payments of any money from any court, office or opposite party either in execution of decree or order or otherwise as they shall think fit and proper, to do all acts, deed and necessary in connection therewith.
9. To apply for and avail loan/ financial assistance from any financial institution/banks. co-operative society, etc. for the development and or betterment of the property and for the said purpose of mortgage, deposit title deed, and create charge on the property as security for due repayment of such loan.
10. 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 power herein above conferred concerning the property.
11.
GENERALLY to do all such act/s, deed/s, matter/s or thing/s whatsoever my said Attorney, under the power in that health 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.
FURTHER GENERALLY to do all such acts, deeds, matters and thing as may be necessary as may be necessary as my Attorney shall think fit and proper, notwithstanding no express power or authority in that behalf is hereinabove provided.
AND WE DO HEREBY AGREE that all acts, deeds and things lawfully done by my said Attorney or attorneys shall be construed as acts, deeds and things done by me and I undertake to ratify and confirm all and whatsoever that my said Attorney 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;
SCHEDULE OF THE PROPERTY
Bearing No.
Measuring
Bounded by:-
On the East :
On the West :
On the South :
On the North :
IN WITNESS WHEREOF , I have executed this Power of Attorney on the day, month and year as mentioned earlier hereinabove in the presence of the following witnesses