A “Power of Attorney” (POA) is a legal instrument whereby one person gives another person the authority to be his/her representative and to make binding legal and financial decisions on his/her behalf. Technically, it is defined extensively as “an authority whereby one is set in the stead or place of another to act for him.”

Detailed and systematic advice is always required for entering into such agreements and is vital to protect the rights. We know that NRIs have the right to buy commercial or residential property in India. There is no limit to the property they can buy. However they can’t buy agricultural land or farm houses or even plantations – neither can they accept be gifted these. But they can acquire the latter in inheritance.

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