power of attorney

Leave assets for your heirs without any legal hassles

Corporate Law - Estate planning helps to decide about one’s heirs and also fix important details like when, how and in what proportion they are to receive inheritance. Making a will is the easiest and most common way of bequeathing your property. There are also other options like making a trust, gifting assets during one’s life time, family settlemen...

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Difference between Power of attorney and Letter of authority

Corporate Law - A letter of authority works for simple tasks. It can be used for getting routine work done. But when there are big transactions, it is better to get a power of attorney because it sets out the manner in which the activity is to be done. A letter of authority may or may not specify how an activity is to be carried out. A power of attorney ...

Read More

How NRI can manage Assets/liabilities in India without being present

Corporate Law - Indians planning to immigrate from India are normally worried as to how there affairs in India would be handled in there absence from India. They may appoint someone to act for and on there behalf, during there absence from India and ensure the smooth running of the day-to-day affairs in connection with there assets and liabilities in In...

Read More

New procedure for filing of appeals with ITAT to speed up hearing

Corporate Law - With a view to make appeals process-compliant and to ensure acceleration in the process of dispensation of justice, the Income-tax Appellate Tribunal (the Tribunal)1 has proposed to devise a new system for appeal filing and fixation....

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What attestation of a deed means?

Corporate Law - The Attestor attesting witness must sign the deed or document concerned in the presence of the Executant.One of the factors which is not considered to be important in the course of execution and registration of deeds is attestation of deeds. In respect of deeds which are being registered, many parties regard this as a formality. The gener...

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SEBI taken new steps to curb the misuse of client money by brokers

Corporate Law - Capital market regulator SEBI has tightened key clauses in the client-broker agreement, as part of its attempts to curb the misuse of client money by brokers. In a circular on Thursday, SEBI said stock brokers should maintain a book containing all the mandatory and non-mandatory documents required for registering a client....

Read More

Fees for filing appeals or vakalatnama set to raise 20 times

Corporate Law - In the apex court litigants and lawyers have been paying a insignificant fee for filing appeals or vakalatnama for more than 40 years, but it may register a 20-fold boost as per a current proposal being examined by law minister Veerappa Moily. ...

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Police arrested CA for cheating his employer

Corporate Law - The Powai police has arrested a chartered accountant (CA) for cheating the owner of a leading pharmaceuticals company, Genom Biotech Pvt Ltd, of Rs 40 lakh. After the fraud, the accused had resigned from his job to avoid getting caught, said the police. The 34-year-old chartered accountant, Rajesh Ranjan, and the owner of GBPL at [&hellip...

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Lawyers not liable under Consumer Protection Act, 1986: SC

Corporate Law - The State Commission, Delhi, held that services rendered by a Lawyer would not come within the ambit of s. 2(1)(o) of the Consumer Protection Act, 1986, as the client executes the power of attorney authorizing the Counsel to do certain acts on his behalf and there is no term of contract as to the liability of the lawyer in case he fails t...

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Prerequisites for issue of valid notice for reopening of assessment under the Income Tax Act, 1961

Avneesh Kumar Singh Vs Income-tax Officer (ITAT Agra) - In the case of Mayawati v. CIT [2009] 222 CTR 117 (Delhi), it is nowhere mentioned that for drawing the presumption u/s 27 of the General Clauses Act, there is necessity of acknowledgment due....

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SEBi circular on Execution of Power of Attorney by the Client in favour of the Stock Broker and Depository Participant

Circular No. CIR/MRD/DMS/1 3/2010 - (23/04/2010) - A Power of Attorney is executed by the client in favour of the stock broker /stock broker and depository participant to authorize the broker to operate the client’s demat account and bank account to facilitate the delivery of shares and pay – in/ pay – out of funds....

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Recent Posts in "power of attorney"

Leave assets for your heirs without any legal hassles

Estate planning helps to decide about one’s heirs and also fix important details like when, how and in what proportion they are to receive inheritance. Making a will is the easiest and most common way of bequeathing your property. There are also other options like making a trust, gifting assets during one’s life time, family settlemen...

Read More
Posted Under: SEBI |

Difference between Power of attorney and Letter of authority

A letter of authority works for simple tasks. It can be used for getting routine work done. But when there are big transactions, it is better to get a power of attorney because it sets out the manner in which the activity is to be done. A letter of authority may or may not specify how an activity is to be carried out. A power of attorney ...

Read More
Posted Under: SEBI | ,

How NRI can manage Assets/liabilities in India without being present

Indians planning to immigrate from India are normally worried as to how there affairs in India would be handled in there absence from India. They may appoint someone to act for and on there behalf, during there absence from India and ensure the smooth running of the day-to-day affairs in connection with there assets and liabilities in In...

Read More
Posted Under: SEBI |

SEBi circular on Execution of Power of Attorney by the Client in favour of the Stock Broker and Depository Participant

Circular No. CIR/MRD/DMS/1 3/2010 (23/04/2010)

A Power of Attorney is executed by the client in favour of the stock broker /stock broker and depository participant to authorize the broker to operate the client’s demat account and bank account to facilitate the delivery of shares and pay – in/ pay – out of funds....

Read More

SEBI taken new steps to curb the misuse of client money by brokers

Capital market regulator SEBI has tightened key clauses in the client-broker agreement, as part of its attempts to curb the misuse of client money by brokers. In a circular on Thursday, SEBI said stock brokers should maintain a book containing all the mandatory and non-mandatory documents required for registering a client....

Read More
Posted Under: SEBI |

Prerequisites for issue of valid notice for reopening of assessment under the Income Tax Act, 1961

Avneesh Kumar Singh Vs Income-tax Officer (ITAT Agra)

In the case of Mayawati v. CIT [2009] 222 CTR 117 (Delhi), it is nowhere mentioned that for drawing the presumption u/s 27 of the General Clauses Act, there is necessity of acknowledgment due....

Read More
Posted Under: SEBI | | ,

Fees for filing appeals or vakalatnama set to raise 20 times

In the apex court litigants and lawyers have been paying a insignificant fee for filing appeals or vakalatnama for more than 40 years, but it may register a 20-fold boost as per a current proposal being examined by law minister Veerappa Moily. ...

Read More
Posted Under: SEBI |

Police arrested CA for cheating his employer

The Powai police has arrested a chartered accountant (CA) for cheating the owner of a leading pharmaceuticals company, Genom Biotech Pvt Ltd, of Rs 40 lakh. After the fraud, the accused had resigned from his job to avoid getting caught, said the police. The 34-year-old chartered accountant, Rajesh Ranjan, and the owner of GBPL at [&hellip...

Read More
Posted Under: SEBI |

Lawyers not liable under Consumer Protection Act, 1986: SC

The State Commission, Delhi, held that services rendered by a Lawyer would not come within the ambit of s. 2(1)(o) of the Consumer Protection Act, 1986, as the client executes the power of attorney authorizing the Counsel to do certain acts on his behalf and there is no term of contract as to the liability of the lawyer in case he fails t...

Read More
Posted Under: SEBI |

New procedure for filing of appeals with ITAT to speed up hearing

With a view to make appeals process-compliant and to ensure acceleration in the process of dispensation of justice, the Income-tax Appellate Tribunal (the Tribunal)1 has proposed to devise a new system for appeal filing and fixation....

Read More
Posted Under: SEBI |
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