Power of Attorney
This query is : Resolved
02 October 2007
Respected Expers,
Can Power of Attorney holder open or close bank account?
Can power of attorney holder open or close trading account?
CS Jatin Vora
Can Power of Attorney holder open or close bank account?
Can power of attorney holder open or close trading account?
CS Jatin Vora
02 October 2007
Yes..Depends on power delegated.
01 November 2007
There is revocable poa and irrevocable poa. Then there are clauses in poa. In case of irrevocable poa you delegate authoority and cannot withdraw. In revocable poa you can delegate and withdraw. Thus poa if given for bank account then the poa holder is the substitute and can do anything unless his powers are restricted.
08 November 2007
The format of all PoA are available in our files portal. Kindly down load it.
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