NEW DELHI: In a big warning to property owners who intend to sell their assets through a power of attorney (PoA) holder, the Supreme Court has ruled that the PoA holder can sell the property and register the sale by merely producing a copy of the PoA and that the original was not mandatory for registration of the sale.
This means, if the property owner orally cancels the PoA and takes back the original document without entering into a written agreement on cancellation of the PoA, it would still allow the PoA holder to sell the property or land with the help of a copy of the original PoA document.
