SPECIMEN POWER OF ATTORNEY

To all to whom these presents shall come, I ..................................................................... of ................................................., Indian inhabitant, residing at ........................................., state as follows:

WHEREAS -

(a)      I own certain movable and immovable properties and I may require further properties,

(b)      I have decided to emigrate ......................................./settle in ....................... and have become a non-resident                      with effect from ...........................

(c)      I am desirous of appointing .................................................................. of (address) .......................... to be my true          and lawful attorney, jointly and severally, to act in my name, and on my behalf in respect of my personal affairs.

          NOW KNOW YE AND THESE PRESENTS WITNESSETH THAT I, ................................................. do hereby nominate, constitute and appoint the said ..................................... and .......................................................... to be attorneys for me jointly and severally and in my name and on my behalf to do all or any of the following things as I could have done personally.

1.  (a)      To conduct, attend, transact, manage, carry on and supervise any business which may be carried on by me at present or in future as a sole proprietor or in partnership with any one and/or in my capacity as trustee of any trust and/or to conduct, attend and carry on or cause to be done all acts, matters and things requisite or necessary or in any manner connected with or having reference to the said business or affairs of such firm or to me personally.

     (b)     To carry on business carried by me or which may hereafter be carried on by me; to buy goods, to sell, pledge, mortgage or otherwise deal with or dispose of the movable or immovable property owned and to be owned by me or in which I may have interest or claim of any nature whatsoever.

2.           To receive, collect and recover all income and profits which now are or hereafter shall be due and owing to or shall be due and owing or arise, in such firm or in any manner whatsoever to me in respect of my movable and immovable property or otherwise.

3.   (a)   To buy and acquire, take on lease or otherwise acquire and hold in any name any land, house or houses, building or buildings or any other property or properties, movable and immovable, of whatsoever nature by private agreement or at public auction for any price or other.

     (b)   To hire out, give on lease and licence basis or any other basis of immovable properties for such rent, compensation, hire or other consideration and for such period and on such terms and conditions as my attorneys shall deem fit and to terminate such agreements or arrangements.

     (c)   Also to sign, seal and execute and deliver all contracts, leases, conveyances, releases, surrenders and other documents or instruments as may be required for and/or on my behalf.

4.      To effect insurance against loss or damage of any nature whatsoever covering all or any risk on any of the movable or immovable properties, effects and things belonging to me and to pay the premium and moneys payable for effecting such insurance.

5.   (a)   To liaise with bank designated by me for the purchase, sale/transfer of shares/securities/debentures/units and to represent me in all the dealings to the said bank and to give instructions to the said bank for payment for shares/ securities/debentures/units and to take on credit receipts in shares/securities/debentures/units.

      (b)   To purchase or acquire securities of any State Government in India or Union Government and Debentures and Shares (Equity and/or Preference) in any limited companies and units of Unit Trust of India and to sell any such shares/securities/debentures and/or units now standing in my name and such shares/securities/debentures/units hereafter to be purchased and to sign all transfer deeds whether as hereafter to be purchased and to sign all transfer deeds whether as Transferor or Transferee and other applications and necessary papers for the purpose of purchasing or selling the same.

     (c)   To open Safe Custody Account or to keep in safe custody shares/debentures/securities and/or units purchased pursuant to the above authority and to render yearly accounts in regard to such safe custody.

    (d)   To make applications for shares/debentures and additional shares of any company and to receive and hold bonus shares.

    (e)     Subject to Exchange Control Regulations in India to collect, receive and give good and effectual receipt(s) and discharge(s) for all and any dividends, bonuses or any other sum(s) and/or income arising from shares/securities/ debentures/units received or receivable from companies, Registrar of Companies, Central Government, Unit Trust of India or any other Competent Authorities and to sign and endorse dividends and bonus warrants in respect thereof.

    (f)    To negotiate with any person whether body corporate or otherwise and effect the sale of shares/securities/debentures /units  on   such  terms  and  at  such  price  as  the   Attorney  considers best price under the circumstances and to execute any agreements, etc. for effecting the sale of the said shares/securities/debentures/units.

    (g)    To execute all deeds of transfer and other instruments necessary or proper for transferring the said shares and all other securities to the Purchaser or Purchasers thereof.

    (h)    To deposit the monies realised from sale of the aforesaid shares/securities/debentures/units with designated bank and keep them invested/deposited until repatriation of the same.

    (i)    To give notice for calling and/or call extraordinary general meeting of the companies or requisition in accordance with section 169 and/or other applicable provisions of the Companies Act, 1956.

    (j)    To attend, vote and otherwise act as proxy at all or any meeting or meetings of the companies in which shares/ /debentures are acquired pursuant to this authority and to vote for and on my behalf as the attorney may deem fit, also       execute any proxy on my behalf.

6. (a)   To make necessary application(s) on my behalf to Income-tax authorities and any other authorities in India, particularly to Central Government and/or the Reserve Bank of India in  connection  with any of my income/assets/liabilities in India and to represent me in all respects before such authority or authorities, including appellate authorities.

    (b)    To make application(s) to the Reserve Bank of India and/or any other authority or authorities for declarations for repatriation of funds and holding receipts, dividends, etc. in respect of my shares/securities/debentures/units in India.

7.   To place money at any bank on current or saving account or deposit in my name or jointly with someone and form time to time make withdrawals which is now or hereafter may be at any bank or to overdraw to such extent as my said attorney may think fit and to draw, sign and endorse cheques at any bank or to sign any receipt or document necessary for this purpose.

8.   To sign/file return of income/wealth/gift on my behalf and to appear and represent me before all income-tax authorities and make applications for review or revision of any order or to prefer appeal or appeals from any order made against me and to apply for certified copies of any documents or order made by the income-tax authority or authorities.

9.   For my behalf to accept service of any writ, summons and/or other legal process and to appear through its officers and to represent  any court or before all judges, magistrates or judicial or other officers whatsoever as the said attorney shall think fit and advisable for my behalf, to commence, prosecute, enforce, defend, answer, oppose or appeal in all actions and other legal proceedings  in  any  court   of  justice  whether  civil,  criminal,  political   or  administrative  including  taxation  and/or  revenue proceedings for the recovery of any debt,  sum  of  money,  right,   title,  interest,  property, claim,  demand,  matter  or  things whatsoever now due to me by any means or  become  due  or   payable  or  in  any way belong to me by any means or on any account whatsoever and the same action or proceedings if thought fit to discontinue, abandon or become non-suited therein or submit  to  judgement  and  execution   or  proceeding  as  aforesaid  or  proceed  by way of execution, attachment, distress or otherwise and to defend or resist any process issued against me in any action or proceedings against it.

10.   To appoint lawyers, attorneys, chartered accountants or counsel and to revoke and appoint others in their stead and to sign, subscribe, verify, declare and affirm, vakalatnamas, appearances, warrants, plaints, written statements, objections and other documents that may be necessary.

11.   To adjust, settle, compromise or submit to arbitration any accounts, debts, claims, demands, or disputes or subject-matter of any suit or proceedings touching any of the matters aforesaid or any  other  matters  which  are   now subsisting or which may hereafter arise between me and any person, firm, company, corporation, government or officials in India and to compound and accept payment in lieu of any satisfaction for the whole of or compromise any debt or sum of money now or hereafter owing or payable  to  me  or  any  of  the   claims  or demands which I have or may have against any person, firm, company, corporation, institution, association, government or  officials  in  India   or to grant an extension of time for the payment of satisfaction thereof upon such terms as may be deemed proper either with or  without  taking security for the same or otherwise to act with respect thereto as may be expedient.

12.   To pay or allow all taxes, rates, charges, deductions, expenses and out goings whatsoever due and payable or to become due and payable for or on account or in respect of the aforesaid shares/securities/debentures/units.

AND GENERALLY to do and perform and  execute  all such other acts, deeds, instructions, matters and things in respect of the  above  for  and  on   behalf  of  me  as may be  necessary, proper, convenient or expedient to be done and in and about the premises as fully and effectual to all intents and purpose as I myself could do if personally present and I ratify and confirm and agree and undertake to ratify and confirm whatsoever my said attorney shall lawfully do or cause to be done by virtue of these presents.

IN WITNESS WHEREOF I ............................................................................................. have hereunto set my hand and seal this .............................................................................

                                                                                                                                                          

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Witnesses                                                                                                                                              Signed before me
                                                                                                                                                                    

 

                                                                                                                                                                   NOTARY