SPECIAL POWER OF ATTORNEY TO BUY A PROPERTY
I, Amarjit Kaur Sandhu, son/daughter/wife of Late Sh. Gurdial Singh Sandhu, residing at House No. 811, Sector 8, Chandigarh 160009 (the "Principal"), do hereby appoint, constitute and nominate:
Jaspreet Singh Sandhu, son/daughter/wife of Sh. Harbans Singh Sandhu, of House No. 22, Phase 3B1, Mohali 160059, who is my son (the "Attorney"),
to be my true and lawful attorney, in my name and on my behalf, to buy the property described below, upon the terms of this Power.
- 1. THE PROPERTY
1.1 This Power is for buying the following property only: Plot No. 245, Sector 70, Mohali, measuring 200 square yards (the "Property").
1.2 The Property is to be bought from Sh. Balwinder Singh.
1.3 The Attorney has no authority under this Power over any other property.
- 2. WHAT THE ATTORNEY MAY DO
2.1 The Attorney negotiate the price and terms, sign the agreement to sell as buyer, and pay the earnest money and part payments under it, but not sign or take delivery of the sale deed.
2.2 The Attorney shall not pay, or agree to pay, a total price of more than ₹85,00,000 (Rupees Eighty Five Lakh only) for the Property, not counting stamp duty and registration charges, without the Principal's fresh written approval.
2.3 Every payment shall be made by account-payee cheque, bank transfer or demand draft, and a written receipt shall be taken for each payment. No payment shall be made in cash.
2.4 The Property shall be bought in the Principal's name only. The Attorney shall not take title in the Attorney's own name or in any other person's name.
2.5 The Attorney shall obtain copies of the seller's title documents and give them to the Principal, and on completion shall hand over to the Principal at once the original sale deed, receipts and every other paper received.
- 3. WHAT THE ATTORNEY MAY NOT DO
3.1 This Power does not authorise the Attorney to sell, mortgage, lease, gift or otherwise deal with the Property or any other property of the Principal, or to borrow money in the Principal's name. A home loan needs its own power or the Principal's own signature.
- 4. REGISTRATION
4.1 To the extent the Registration Act, 1908 and the Sub-Registrar allow it on the strength of this Power, the Attorney may present documents for registration and admit their execution on the Principal's behalf.
- 5. REVOCABLE, AND ENDS ON DEATH
5.1 This is an ordinary power of attorney. The Principal may revoke it at any time by written notice to the Attorney, under s.203 of the Indian Contract Act, 1872. It ends on the Principal's death or if the Principal becomes of unsound mind, under s.201 of that Act, whatever clause 6 says about its stated duration. It is not a power coupled with an interest.
- 6. DURATION
6.1 This Power remains valid until the Principal revokes it in writing