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Question:

power of attorney to redeem MFs in india?

I like to know the format of the specific power of attorney to buy or sell Mutual funds, stocks etc., in India on my behalf.

Answer:

You can execute a power of attorney in favour of anybody you like to manage any of your financial matter like bank transaction, buy or sell property, mutual funds , stocks etc., on your behalf. For this there is no specific format is available. You can execute a general power of attorney in Rs.100/- Stamp Paper mentioning all that you want and get it registered in Sub-Registrar's office nearer to your residence. If you approach any advocate, who will be able to draft the P/A . Hope I have made it clear to you.
Jan 25, 2018

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