Gpa
Arshad Ali
(Querist) 15 October 2015
This query is : Resolved
Sir,
5 persons executed GPA in favour of one Mr. X now 2 persons desire to revoke the power and 3 persons are not ready
Sir is it possible for revocation of the same.
Regards
Arshad
kavksatyanarayana
(Expert) 15 October 2015
@Author, there is no provision. If any person out of the persons who executed POA wants to revoke/cancel, then the POA will automatically becomes invalid. so it is not possible.
Rajendra K Goyal
(Expert) 16 October 2015
Two person should inform in writing through registered AD notice regarding the revocation of the POA.
K.S.Srinivas
(Expert) 20 October 2015
Agreed with Sri kavksatyanarayana.
T. Kalaiselvan, Advocate
(Expert) 21 October 2015
Even one of the principals would like to revoke the POA deed, the deed will upon such notice of withdrawal of power to the agent by the principal, shall become invalid/infructuous and stands cancelled. The other principals can execute a fresh POA deed again in favor the same agent.