GENERAL
POWER OF ATTORNEY
TO ALL TO WHOM
THESE PRESENTS SHALL COME, I _______ Indian
Inhabitant residing at __________, SEND
GREETINGS:
WHEREAS ( give
detail why this power of attorney)
AND WHEREAS I
am desirous of appointing some fit and proper
person or persons to act for me in that behalf.
NOW THESE
PRESENT WITNESSETH THAT I HEREBY NOMINATE
Constitute and Appoint (1) __________ (2)
__________ (3) __________ (4) __________ (5)
__________ to act jointly and/or severally as our
true and lawful Attorneys for us and in our name
and on our behalf to execute and perform all or
any of the following acts, matters, deeds,
instruments and things in India that is to say:
1. Open,
maintain or close bank accounts (including, but
not limited to, checking accounts, savings
accounts, and certificates of deposit), brokerage
accounts, and other similar accounts with
financial institutions.
a.
Conduct any business with any banking or
financial institution with respect to any of
my accounts, including, but not limited to,
making deposits and withdrawals, obtaining
bank statements, passbooks, drafts, money
orders, warrants, and certificates or
vouchers payable to me by any person, firm,
corporation or political entity.
b.
Perform any act necessary to deposit,
negotiate, sell or transfer any note,
security.
c. Have
access to any safe deposit box that I might
own, including its contents.
2. Sell,
exchange, buy, invest, or reinvest any assets or
property owned by me. Such assets or property may
include income producing or non-income producing
assets and property.
3. Purchase
and/or maintain insurance, including life
insurance upon my life or the life of any other
appropriate person.
4. Take any
and all legal steps necessary to collect any
amount or debt owed to me, or to settle any
claim, whether made against me or asserted on my
behalf against any other person or entity.
5. Enter
into binding contracts on my behalf.
6. Exercise
all stock rights on my behalf as my proxy,
including all rights with respect to stocks,
bonds, debentures, or other investments.
7. Maintain
and/or operate any business that I may own.
8. Employ
professional and business assistance as may be
appropriate, including attorneys, accountants,
and real estate agents.
9. Sell,
convey, lease, mortgage, manage, insure, improve,
repair, or perform any other act with respect to
any of my property (now owned or later acquired)
including, but not limited to, real estate and
real estate rights (including the right to remove
tenants and to recover possession). This includes
the right to sell or encumber any homestead that
I now own or may own in the future.
10. Prepare,
sign, and file documents with any governmental
body or agency, including, but not limited to,
authorization to:
a.
Prepare, sign and file income and other tax
returns with federal, state, local, and other
governmental bodies.
b.
Obtain information or documents from any
government or its agencies, and negotiate,
compromise, or settle any matter with such
government or agency (including tax matters).
c.
Prepare applications, provide information,
and perform any other act reasonably
requested by any government or its agencies
in connection with governmental benefits
(including military and social security
benefits).
11. Make
gifts from my assets to members of my family and
to such other persons or charitable organizations
with whom I have an established pattern of
giving. However, my constitute attorney's may not
make gifts of my property to the Agent. I appoint
_________________________, of
_________________________, ___________________,
________________ __________, as my substitute
Agent for the sole purpose of making gifts of my
property to my constituted attorneys, as
appropriate.
12. Transfer
any of my assets to the trustee of any revocable
trust created by me, if such trust is in
existence at the time of such transfer.
13. Disclaim
any interest which might otherwise be transferred
or distributed to me from any other person,
estate, trust, or other entity, as may be
appropriate.
This Power of
Attorney shall be construed broadly as a General
Power of Attorney. The listing of specific powers
is not intended to limit or restrict the general
powers granted in this Power of Attorney in any
manner.
Any power or
authority granted to my constituted attorney
under this document shall be limited to the
extent necessary to prevent this Power of
Attorney from causing: (i) my income to be
taxable to my constituted attorney, (ii) my
assets to be subject to a general power of
appointment by my constituted attorney, and (iii)
my constituted attorney to have any incidents of
ownership with respect to any life insurance
policies that I may own on the life of my
constituted attorney.
My constituted
attorney shall not be liable for any loss that
results from a judgment error that was made in
good faith. However, my constituted attorney
shall be liable for willful misconduct or the
failure to act in good faith while acting under
the authority of this Power of Attorney.
I authorize my
constituted attorney to indemnify and hold
harmless any third party who accepts and acts
under this document.
My constituted
attorney shall be entitled to reasonable
compensation for any services provided as my
constituted attorney. My constituted attorney
shall be entitled to reimbursement of all
reasonable expenses incurred in connection with
this Power of Attorney.
My constituted
attorney shall provide an accounting for all
funds handled and all acts performed as my
constituted attorney, if I so request or if such
a request is made by any authorized personal
representative or fiduciary acting on my behalf.
This Power of
Attorney shall become effective immediately, and
shall not be affected by my disability or lack of
mental competence, except as may be provided
otherwise by an applicable state statute. This is
a Durable Power of Attorney. This Power of
Attorney shall continue effective until my death.
This Power of Attorney may be revoked by me at
any time by providing written notice to my
constituted attorney.
AND I DO HEREBY RATIFY and
CONFIRM and AGREE TO RATIFY and CONFIRM all and
whatsoever my said Attorney or Attorneys as shall
do or cause to be done in the premises or by
virtue of these premises.
IN WITNESS WHEREOF, I______
have caused these present to be executed this
___day of May 2001.
- SIGNED SEALED AND
DELIVERED
- at__BY ___ in the
presence of_____
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