You are on page 1of 2

(`100 stamp duty)

POWER OF ATTORNEY

This Power of Attorney granted on this, the ________________ day of _________________ at _______________________

BY

_________________________________________________________________________________________________________, residing at

___________________________________________________________________________________________________________________
(‘Grantor(s)’)

IN FAVOUR OF

_________________________________________________________________________________________________________, residing at

___________________________________________________________________________________________________________________
(‘Grantee’ or ‘Attorney’)

Send Greetings.

WHEREAS:

A. The Grantor(s) maintain(s) the following resident and/or non-resident bank account(s) with The Hongkong and Shanghai
Banking Corporation, India (‘the Bank’) at its Branch(es) mentioned below:

Account Number(s) Branch(es)

_______________________________________ ____________________________

_______________________________________ ____________________________

_______________________________________ ____________________________
(hereinafter collectively referred to as ‘Account(s)’

B. For the purpose of managing and operating the said Account(s), the Grantor(s) is/are desirous of appointing the Grantee as his/
her/their true and lawful Attorney in the manner hereinafter appearing.

NOW KNOW YE ALL AND THESE PRESENTS WITNESSETH THAT I/WE, the said Grantor(s) do/each of us doth hereby
nominate, constitute and appoint _____________________________________________________ (hereinafter called the ‘Attorney’)
as my/our true and lawful Attorney for me/us and on my/our behalf to do all or any of the following acts, deeds, matters and
things and to exercise all or any of the powers and authorities hereby conferred, that is to say:

i. To operate the existing Accounts (hereinabove mentioned) in my/our name(s), and to do all such acts which are incidental
to operation of the said Accounts, including, to sign and endorse all cheques, drafts, slips, bills of exchange, receipts,
electronic transfers, negotiable instruments and dividend warrants drawn in the name of the Grantor and to be deposited
into the said Account(s) and to receive payments in respect of the same, accept and receive money orders and telegraphic
transfer/NEFT transfer/RTGS transfer of moneys in my/our name(s) for the benefit of and/or relating to the said Account(s)
and for the said purpose to execute the necessary deeds, documents or transfer deeds of forms;

ii. To certify the correctness of the entries/records/statements in relation to the said Accounts;

iii. To apply to the Reserve Bank of India and/or any other authority, Governmental, regulatory, administrative, judicial or
otherwise, for the operation of the said Account(s) and dealing with the moneys lying to the credit of the said Account(s)
and for the purpose to execute any deed, document, writing or application and to do all acts and things required and may
be deemed necessary;

iv. To enter into, make, sign, seal execute, deliver, acknowledge and perform any contract, agreement, deed writing or thing
that may in the opinion of my/our said Attorney be necessary or proper to be entered into, made, signed, sealed, executed,
delivered, acknowledged or performed for effectuating the purposes aforesaid or any of them and for all or any of the
purposes of these presents to use my/our name(s);
C. Notwithstanding the rights/powers granted to the Attorney hereinabove, it is hereby clarified that, with respect to NRE/NRO
Account(s), the rights/powers of the Attorney shall be subject to the following restrictions:

a. The authority granted will be restricted to local payments only;

b. The operations of the said Account(s) authorised by this Power of Attorney will not be allowed for the purpose of making
gifts on behalf of the Grantor;

c. The right to operate the said Account(s) authorised by this Power of Attorney will not include a right to transfer funds to other
NRE accounts;

d. Overseas remittances through normal banking channels would be restricted to transfers to bank accounts held by the Grantor
overseas.

D. All communications/instruments/documents/deeds or otherwise to be signed by the Attorney on my/our behalf, in exercise of the
powers granted by this Power of Attorney, shall signed after mentioning ‘POA Holder’ or ‘Constituted Attorney’ of the
Accountholder. The Bank may, at its discretion, accept or reject such communications/instruments/documents/deeds as the case
may be, where the Attorney has not signed mentioning ‘POA Holder’ or ‘Constituted Attorney’.

E. The Attorney shall, while acting under this Power of Attorney, exercise his/her powers herein in accordance with and in compliance
of the laws, rules and regulations as may for time to time be prescribed by the Government of India acting through the Reserve Bank
of India or any other statutory or regulatory authority.

F. Any operation of the said Account by the Attorney, including instructions of any nature involving the debit of my/our account or any
actions as hereinabove mentioned, will be binding on me/us.

G. The Bank is entitled to rely upon any instructions/directions given by the Attorney in relation to the said Account, including any
payment/withdrawal instructions, and is requested to act on the said instructions received from the Attorney.

H. This Power of Attorney shall continue to be in force until it is revoked by me/us by prior notice in writing to the Bank. I/We declare
that the Bank will be discharged from all the liabilities arising out of acting on the strength of this Power of Attorney till a notice of
such revocations is received by the Bank. This Power of Attorney, if not revoked in my/our lifetime, shall be binding upon my/our
estate/legal representatives/successors until the written notice of my/our death is received by the Bank.

AND/I/WE DO HEREBY for myself/ourselves, my/our heirs, executors and administrators agree to ratify and confirm whatever my/our
said Attorney shall do or lawfully cause to be done in the premises by virtue of the premises aforesaid.

IN WITNESS WHEREOF, I/We the said _____________________________________________________________________________________

have hereunto to set my/our respective hand(s) on the __________________ day of __________________.

SIGNED SEALED AND DELIVERED )

By the withinnamed ) ………………………………………………………………

………………………………………………………………

In the presence of ) ………………………………………………………………

SPECIMEN SIGNATURE OF THE )

CONSTITUTED ATTORNEY, )

MR. ______________________________ )

SAVE PRINT
POA_09/19

Issued by The Hongkong and Shanghai Banking Corporation Limited, India. Incorporated in Hong Kong SAR with limited liability.

You might also like