Government through a gazette on July 23, 2015 published the Power of Attorney Rules 2015. It was promulgated under the Power of Attorney Act 2012.
From practical perspective, it is a very important rules as it prescribed how a power of attorney should be drafted and in some cases, what power could be delegated.
Key highlights of the Power of Attorney Rules 2015
- The rules provide specific format for general, special and irrevocable power of attorney, power of attorney for land development, foreign power of attorney.
- The rules also prescribe how a notice for cancellation of a power of attorney should be prepared.
- The rules provides a specific guidelines how a foreign power of attorney should be prepared and authenticated.
- Specific guideline how a power of attorney should be cancelled.
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