Dear client,
Granting a Power of Attorney (POA) to your father would allow him to act on your behalf in various matters, including signing documents related to the property transaction. However, it's important to note that the specific powers granted through the POA need to be carefully defined. In your case, if the assignment process involves signing documents related to the sale of the property, it's crucial to ensure that the powers granted in the POA explicitly cover such actions.
Regarding the registration process, it's generally required for the parties involved in the property transaction (buyer, seller, builder, etc.) to be present or represented during the registration at the registrar's office. Your father, as the holder of the POA, may represent you during the registration process. It's advisable to check the specific requirements and procedures with a legal professional or consult the local registrar office for accurate information.
Regarding the format of the GPA, it's advisable to consult with a legal professional who can provide you with the appropriate format based on your specific requirements and jurisdiction. They can also guide you on whether the GPA needs to be attested by the Indian Consulate in the USA, as this may vary depending on the circumstances and jurisdiction.
As for your additional questions:
It's possible that your father may need to be present as a witness during the registration process, but the specific requirements may vary based on local regulations. It's advisable to consult with a legal professional or the registrar office for accurate information.
If the lender (LICHFL) has informed you that they do not require a specific GPA format, but a general GPA is required by your father, you should consult with a legal professional to ensure that the GPA covers all necessary aspects and provides the required authority to your father.
If the builder (Prestige) has provided a specific POA draft for the assignment process, it's advisable to review the draft carefully and consult with a legal professional to ensure it aligns with your requirements and covers all necessary aspects. Depending on the specific terms and conditions of the builder's draft, you may or may not need an additional GPA.