Power of attorney
This query is : Resolved
CA Deepa Bhasin
(Querist)
08 January 2011
Can a power of attorney be in two persons name i.e can two people get signing powers via a power of attorney???
Ram Avtar Singh
(Expert)
08 January 2011
Yes, you can do
The person you name to help you in your POA is called an “agent”.
1. Did you name a backup agent?
Many people name one person, and fail to name a backup. What if something happens to the person you have named in your POA?
2. If you named more than one person, then in what order will they act?
You can name one person first, another person second, and still another person as third.
Or you can name two persons on the same level. But does these two persons need to act together jointly, or have you included language that they can act separately and independently with no requirement that they act together jointly.
The person you name to help you in your POA is called an “agent”.
1. Did you name a backup agent?
Many people name one person, and fail to name a backup. What if something happens to the person you have named in your POA?
2. If you named more than one person, then in what order will they act?
You can name one person first, another person second, and still another person as third.
Or you can name two persons on the same level. But does these two persons need to act together jointly, or have you included language that they can act separately and independently with no requirement that they act together jointly.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
