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Power of Attorney
#1
it is a document executed by one person called donor (principal in favour of another person called donee agent ) to act on behalf of the donor as per authortiy given in the document.

it is a stamped document and is executed in the presence of a notary public/ magistrate of a court/ govt official authorised


two type of P/A are generally granted

1. general or universal
2. special or limited

general P/A is issued for acting in more than one transaction and confers very extensivve powers to donee.
general P/A gives power to sign cheques, stop payement of cheques, to sign borrowal documents on behalf of the principal.

special P/A is issued for specific purpose and often it is for a single transaction
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#2
good job priya ji..ese hi main main topic post karti raho..
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