BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A Power-of-Attorney means a formal instrument with which one person empowers another to represent him, or act in his stead, for certain purposes, usually in the form of a deed poll, and attested by two witnesses. The donor of the power is called principal or constituent; the donee is called attorney.

Detailed explanation-2: -Definition.-In this Act, “Power-of-Attorney” includes any instruments empowering a specified person to act for and in the name of the person executing it.] 3[1A. Definition.-In this Act, “Power-of-Attorney” includes any instruments empowering a specified person to act for and in the name of the person executing it.]"

Detailed explanation-3: -Kinds Of Power Of Attorney The person who empowers is the Principal and the person to whom the power is conferred is the Agent. There are two kinds of power of attorney viz., “General Power of Attorney” and “Special (or limited) Power of Attorney” .

Detailed explanation-4: -The agent and principal have been defined under Section 182 of the Indian Contract Act, 1872. ‘The law is settled that though the general power of attorney holder cannot delegate his powers to another person but the same can be delegated when there is a specific clause permitting sub-delegation.

Detailed explanation-5: -"An agent who to execute a deed, as for example, a conveyance or deed of partnership must be appointed by deed. Such an authority is called a power of attorney.” The denition given in the Stamp Act is less elaborate, but may be regarded as adequate as a statutory denition’.