NRI/ OCI who executes POA is required to adhere to following procedure:
- When POA is executed in India by NRI:
- POA is to be executed on a non-judicial stamp paper of the requisite value as per the stamp duty prevalent in the respective state.
- Each page of POA is to be signed and wherever the blanks are filled in initialed by the grantor of POA (applicant executing POA). POA should be signed by the attorney on the last page.
- It is mandatory that POA should be notarized by a notary public.
- When POA is executed outside India by NRI:
- POA should be first typed on a plain sheet of paper. Each page of POA is to be signed and wherever the blanks are filled in initialed by the grantor of POA (applicant executing POA).
- The signature of the grantor should be attested by any authorized official of the Indian Embassy/ Indian Consulate/ Trade Commissioner of India/ Existing Banker and Advocate in the country where the grantor resides. These officials have to affix their stamp and signature on original POA. The Advocate’s name, principal office address and registration number must be written by hand.
- POA is then sent to India where thee attorney signs POA on the last page. POA then needs to be stamped and notarized by a notary public.