Power of attorney

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Sarita (Querist)
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26 December 2011
Hi Friends!

Can we show an asset in our financials on the basis of power of attorney.
Thanks in Advance.

VN KULKARNI

VN KULKARNI (Expert)
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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.

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Sarita

Sarita (Querist)
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28 December 2011 If on POA written as "kadhihi na badalnare kulmukhtyar patra".
In such case what to do???

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VN KULKARNI

VN KULKARNI (Expert)
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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.

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