Features of POA
1. Public Document: A power of attorney is a document that is notarised, which makes it a public document and be accepted widely. This POA, therefore, allows a natural person and the legal entity to designate and authorise a legal agent to represent on his behalf in any legal Acts or any specified performance. This document makes it clear that the agent will act on behalf of the principal.
2. Unilateralism: Power of attorney is a document that has a feature of unilateralism. It means the granting of a POA does not require the authorisation of the person who receives it, i.e., the agent to whom the powers are authorised. Similarly, the person who executes the POA needs to provide his presence at the time of notary while granting the POA.
3. Simple: It is a very simple process to grant or create a POA, as the granter only is required to present himself before the notary. The granter shall be in full possession of their mental facilities and legal age to grant a valid POA.
4. Disclosure: Under POA, the granter of the POA is required to disclose all the details and conditions under which the powers shall be delegated to the agent. A proper description of nature and scope of the agent’s power shall be disclosed. Disclosures are extremely important in cases of limited or special power of attorney.
5. Notarised: The document of the POA should be compulsorily notarised by the advocate, who can declare that the principal is able to make the contract of the POA.