Power of attorney

SANDEEP GOYAL (Querist) 15 March 2009 This query is : Resolved
Power of attorney is given by a foreign company situate in Dubai to a person who belongs to another country. Now the aforesaid company want to purchase/sale property in India through its power of attorney holder. But the aforesaid company and the person don't have any office/ residence in India. original POA is given from Dubai office.Can I get registered this POA in India. Please refer me sec. of POA act, 1882 and relevant case law.

And if Company has its office in India but the person doesn't???

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A V Vishal (Expert) 15 March 2009
Please refer to FEMA Act & Rules to seek the eligibility of a foreign company to purchase or sell property in India, I opine that in your case it is Hit with the provisions of FEMA