Power of attorney
This query is : Resolved
26 December 2011
Hi Friends!
Can we show an asset in our financials on the basis of power of attorney.
Thanks in Advance.
Hi Friends!
Can we show an asset in our financials on the basis of power of attorney.
Thanks in Advance.
VN KULKARNI
(Expert)
27 December 2011
NO MADAME.YOU CANOT SHOW THE ASSET AS YOUR AASSET BECAUSE YOU DO NOT BECOME THE OWNER OF THE ASSET ON THE STRENGTH OF POA.
POA CAN BE REVOKED AT ANY TIME.
POA CAN BE REVOKED AT ANY TIME.
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28 December 2011
If on POA written as "kadhihi na badalnare kulmukhtyar patra".
In such case what to do???
In such case what to do???
VN KULKARNI
(Expert)
28 December 2011
EVEN THAT MATTER DOES NOT MAKE ANY DIFFERENCE.YOU WILL HAVE NO RIGHT TO SHOW THE ASSET IN YOUR BOOKS.
POA IS A SEPERATE MATTER,IT DOSENOT GIVE YOU ANY RIGHT PER SE.
POA IS A SEPERATE MATTER,IT DOSENOT GIVE YOU ANY RIGHT PER SE.
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