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Is it legal for 2 people to hold GPA for the same property?
06-May-2023 (In Property Law)
Is it legal if two persons are holding the GPA simultaneously in the same property
No, it is barred by law. One person cannot give GPA to two different person for the same property at the same time.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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What is the latest Supreme Court Judgement on power of attorney?
The Court ruled that a POA, or a Will, cannot be considered as documents conferring a right to any movable property. The Court noted that if the POA holder fails to execute any document, the POA becomes useless. 10 Oct 2023
What is the validity period of a power of attorney?
A PoA is only valid for the lifetime of the principal. PoAs can be revoked within the lifetime of the principal. The SPA is automatically revoked as soon as the transaction for which it has been executed is complete. 12 Oct 2023
Just as long as the owner has appointed the attorney's to represent him with respect to his property, two or more persons can hold GPA for the same property. The same is legal and binding.
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Adv. Kiran N Murthy
Bangalore | 100+ Answers
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No it is barred by law. One person cannot give gpa to two different person for the same property at the same time.
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Adv. Tanushree Sahani
Bangalore | 25+ Answers
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Hi, it is not legal that two person holding GPA on same property.... I think better you can avoid these kinds of transaction.
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Adv. Pradeep Bharathipura
Bangalore | 25+ Answers
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This question is asked often: Can a person designate multiple POAs? An individual can choose multiple attorneys. They can also decide if they will act individually or together when making a decision.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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