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Can registered Gpa with full consideration can be revoked?
10-Jul-2023 (In Property Law)
Can registered Gpa with full consideration can be revoked?
Please note that if the person in whose favour the GPA has been executed holds any interest in the property forming subject matter of the said GPA, then as per law it cannot be revoked unilaterally. Meaning thereby, the GPA holder's express consent is required.
For further assistance, you need to get in touch with me.
Best regards,
Kunal
For further assistance, you need to get in touch with me.
Best regards,
Kunal
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Adv. Kunal Sabharawal
Delhi | 25+ Answers
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Is a GPA revocable or irrevocable?
Even if a GPA is irrevocable, it can still be revoked. It also expires upon the death of its grantor. Law does not recognize any irrevocable powers unless they are accompanied by an interest.
How power of attorney can be revoked?
PoAs can be revoked if the principal is still mentally sound. They are automatically cancelled if the principal dies. The principal must notify the agent of the revocation in writing, sign it in front of a notary, and then deliver the document to the agent. 07-Nov-2022
What is the validity of GPA?
The General Power of Attorney (GPA), which is valid until the death of the principal or the attorney, can be revoked at any time. GPAs can be valid for a specific period, such as 1 year, 5 years, or until the transaction or legal task that was performed.
How do I terminate my GPA?
Step 1: Create the draft using a word document. ...
Step 2: Print out the draft on A4 or Bond paper.
Step 3: Pay stamp duty and registration fees. ( ...
Step 4: Take the documents you need to the same sub-registrar where you registered your GPA.
Revocation of Power of Attorney is a simple process. Firstly you are required to draft a revocation document , thereafter follow the similiar procedure as that of a GPA and also circulate the same to the interested parties and primarily your agent.
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Adv. Richa Relhan
Delhi | 25+ Answers
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