social

Responsibilities of Financier with POA in India?

I am from Hyderabad. I want to take money from a financier for interest and give power of attorney for 6 months. Is it safe to give power of attorney to a financier and is there any chance that the financier can misguide my property, run away from here, and come back after completion of agreement? As per law I have to give money back in 6 months and cancel the agreement. If the financier is not available on given completion date of agreement I will lose my property.

Advertisement

Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!


Gold Feedback Medal for All Time! 520 Feedbacks
September 2, 20150 found this helpful

This sets off all the alarm bells! You need proper legal advice not guesses from us lot.
Marg from England.

Reply Was this helpful? Yes

Silver Feedback Medal for All Time! 337 Feedbacks
September 7, 20150 found this helpful

You need to consult someone with some knowledge of the laws of your country. Offhand, I wouldn't do such a transaction here in Canada. It sounds dangerous to me.

Reply Was this helpful? Yes
Advertisement

Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!

In This Page
Categories
Business and Legal Legal ContractsAugust 31, 2015
Pages
More
🎃
Halloween Ideas!
🍂
Thanksgiving Ideas!
Facebook
Pinterest
YouTube
Instagram
Contests!
Newsletters
Ask a Question
Share a Post
Categories
Better LivingBudget & FinanceBusiness and LegalComputersConsumer AdviceCoronavirusCraftsEducationEntertainmentFood and RecipesHealth & BeautyHolidays and PartiesHome and GardenMake Your OwnOrganizingParentingPetsPhotosTravel and RecreationWeddings
Published by ThriftyFun.
Desktop Page | View Mobile
Disclaimer | Privacy Policy | Contact Us
Generated 2022-10-20 08:04:05 in 1 secs. ⛅️️
© 1997-2022 by Cumuli, Inc. All Rights Reserved.
https://www.thriftyfun.com/Responsibilities-of-Financier-with-POA-in-India.html