In a property situated at Bangalore, there are 6 co-owners, A,B,C,D,E and F. All reside in Varanasi. A B C and D are old aged not able to travel to Bangalore and they want to relinquish their shares in the said property in favour of E and F.
Can A B C and D execute special power of attorney in favour of E and F at Varanasi and E and F go to the Sub registrar office at Bangalore and get release deed executed in their favour?. Or what is best option/solution in your learned view? Please reply
Execution of power of attorney in favor of E and F for any other purpose will be maintainable but for executing a registered release deed on their own name may not be tenable in law. For this purpose, you may opt a third person who shall execute a registered release deed in favor of E and F.