Power of Attorney-Can the holder sell it to himself

Saravanan (Querist) 23 May 2011 This query is : Resolved
Dear Experts,

Kindly answer my below query:

A1 grants power of attorney to A2 for his land in Chennai. Now A2 sells the land through a sale deed to a Real Estate Agency XYZ where A2 himself is the Director (of the Real Estate Agency XYZ). The sale deed was signed by A1 and A2 as Seller and by A2 (as Director of the company XYZ)as Buyer. Is this a valid sale deed? Does A2 hold undisputable title over the property and can he sell it to anyone he wants without the concurrence of A1?

Thanks & Regards,
Saravanan.
Chennai.

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M/s. Y-not legal services (Expert) 24 May 2011
Yes. Its can be treated as a valid sale deed. Because its between legal persons. Even if that sale made with any collued aspect mean its can be challenge before court of law.

Advocate Bhartesh goyal (Expert) 24 May 2011
Yes,it's valid sale as A1{principal} himself has executed and signed the sale deed.It is hardly matter that A2 is power of attorney holder and director of buyer company.A2 has legal right and can sell,alienate and transfer the questioned property to any one without the concurrence of A1.