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P Goverdhan Reddy (Lawyer)     06 May 2018

One of agpa holders dies

A is a principal exceucted the AGPA registered with full consideration in favour of 6 members.  and Principal died after 1 year.   Now One of the AGPA holder also died out of 6 members.  Request confirm, validityof the AGPA.  and remedial action please.



 3 Replies

Kumar Doab (FIN)     06 May 2018

If full consideration is paid and PoA is registered the legal heirs of deceased principle may agree to register in favor of 5 surviving and legal heirs of 1 deceased member.

P Goverdhan Reddy (Lawyer)     06 May 2018

sir thanks for response,   now question is that,  Principal executed AGPA by receiving full consideration from 6 members.  now out of 6 agpa holders one died.   and principal also died.  but the consent of the legal heirs of the Principal is taken as witnesses in AGPA.  

Wife of agpa holder expired can excute the sale deed alongwith other 5 members in favour of third party.

the AGPA is irrevocable,   full consideration received,  registered.   

Principal died,  one of the AGPA  died out of 6 members

 

sanjay kumar patibandla   18 January 2022

Sir any citation avalable. please text me 9848144038


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