Dear All,
Can Power of Attorney be taken by son for his father's HUF.
Age of father is more that's why son wants to take up power in his hand for HUF Property and bank transaction.
1) Can son take PoA?? if yes then what legal compliance need to follow?&
2) please anyone can send format of same?
Power of Attorney can authorize a son to manage his father's HUF property and bank transactions. An agent may be appointed to manage HUF property and bank accounts; the practical advice given is that the son can be granted a Power of Attorney to act for his father in respect of the HUF property and bank transactions, while formal execution and compliance requirements are noted but not detailed. (AI Summary)