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The Ultimate Guide
Draft Your Power of Attorney with Growthify
TYPES OF Power of Attorney
Power of Attorney come in various forms, each designed to meet specific needs based on Customer requirements
01

Pick Your Power of Attorney

General Power of Attorney

Here the agent can represent the principal in any situation that is permitted by state law. The agent may be able to manage assets, buy / sell / Lease Property, Sign Cheques, Handle Bank Accounts, and File Taxes on behalf of the principal under such an agreement.

02

Decode Specific Power of Attorney Type

Specific Power of Attorney

It is restricted to certain tasks or duration or legal boundaries or conditions. It may be Financial Power of Attorney or Medical Power of Attorney or Limited Power of Attorney or Durable Power of Attorney or Springing Power of Attorney, etc.

Power of Attorney PROCESS
Power of Attorney come in various forms, each designed to meet specific needs based on the Customer requirements
1. Gather Details from Parties

We begin by collecting key information from both the Principal and Attorney. Our platform provides an intuitive questionnaire that prompts for details like Power details (buy/ sell properties, operate/ manage bank ac, signing authority, etc), Property details (Land, House, Gold, Jewelry, etc), Consideration Amount, Legal Capacities, Validity, Duration, Termination, Revocation clause and other special conditions. This ensures we capture all necessary data upfront, reducing revisions later.

2. Draft the Power of Attorney

Using the information provided, our staff develops the suitable draft in accordance with your requirements. The team then evaluates the manuscript, tailoring sections to your unique need. For example, a customer may require a clause for specific powers, such as selling and receiving consideration for a certain property, which our team can create in accordance with industry standards. Our legal experts would also recommend new terms to improve clarity or compliance, such as dispute resolution processes.

3. Compliance Check

Once your Power of Attorney Draft is complete, our Legal Professionals at Growthify will carefully analyze it to ensure that it complies with current laws and regulations. If anything vital is lacking, such as party details, a clause, or precise phrasing about how and when the agreement terminates, it will be flagged immediately. This extra layer of review serves to protect you from legal difficulties in the future by ensuring your document is solid, valid, dispute-free, and ready to utilize when necessary.

4. Notarization and/ or Registration

In India, a Power of Attorney for Property, especially when transferring Ownership or Rights, must be registered. Notarization is typically sufficient for routine Financial or Administrative transactions. While Notarization ensures authenticity, registration provides greater legal validity. Creating a Power of Attorney is Simple with Growthify. We prepare a registration-ready document with Stamp Duty details based on your inputs and even register it for you. Do you require notarization? We can do the attestation and verification at your place. No lines, no stress. We deliver the notary to you.

5. Deliver the Final Product

Growthify provides the parties with the final Power of Attorney in a formal and legally valid format; once the draft has been vetted, notarized, and registered (where appropriate). The document is physically delivered to the clients. And to verify agreement before the final delivery, our review system enables parties for review and to provide feedback in real-time.

DOCUMENTS REQUIRED
Our service is available to all individuals and businesses of all sizes, from solo entrepreneurs to large corporations.
Necessary Documents required for a Power of Attorney
  • Draft of Power of Attorney
  • Identity Proof of Principal and Agent (PAN card, Aadhaar card, passport, voter ID, or driver’s license
  • Address Proof of Principal and Agent (Utility bills, Aadhaar, passport, or rental agreement)
  • Passport-size Photographs of both Principal and Agent
  • Id Proof of two Witnesses
  • Notarization (For general use)
  • Registration: Mandatory for property-related Power of Attorneys under Section 17 of the Registration Act, 1908.
  • Supporting Documents (if applicable: ownership papers, sale agreement, or mutation documents, etc.)
Common Questions on Power of Attorney
Power of Attorney vary by purpose, each requiring specific content to meet legal requirements.
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