Transfer of property or contract law (Legal Documents)

This query is : Resolved

Author : Lokesh Kumar V

PRO CHAT CALL

Posted On 10 January 2009 at 00:01

Whether power of appointment/nomination includes power to revoke?

If a person is given power (by way of a deed) to appoint or nominate any person of his choice, whether that power is enough to revoke an already appointed person? Pls give opinion in this regard with judgments.

Expert : KAMARAJ BHARATHY ADVOCATE HIGH COURT

PRO CHAT CALL

Posted On 10 January 2009 at 10:44

if a power agent does act that is act of the principal. At the same time the principal can revoke his power at any time.

Expert : RAKHI BUDHIRAJA

PRO CHAT CALL

Posted On 10 January 2009 at 15:40

Mr. KAMARAJ BHARATHY , is absolutely right.

Expert : Ashok Kumar Garg

PRO CHAT CALL

Posted On 10 January 2009 at 20:24

Yes,it will include the power to revoke the existing appointment / nomination, provided the person granting such power by execution of deed had such a power at the time of execution of deed and that original appointee / nominee has not acquired an irrevocable right to be appointed / to continue as such.

If it was not so , the power given to him becomes almost meaningless.