NRI Power of Attorney – Fill Out and Use This PDF

6.To make all local payments in Rupees including payments for eligible investments subject to compliance with relevant regulations made by the Reserve Bank of India.

7.If any problem arises at that time to approach to the Bank’s Branch/Branches and solve the problems.

8.My attorney is also permitted to sign, draw, accept Cheques and other Negotiable Instruments.

9.To sign all the documents, correspondence to be made with the Bank authorities and other required authorities on behalf of me for making operations, complaints, requests, representations and also to make any claim, pay penalties, damages, charges etc. on my behalf.

10.And I hereby for myself, my heirs, executors and administrators ratify and confirm and agree to ratify and confirm whatsoever my said attorney acting under here shall so or purport to do by virtue of these presents.

11.To liaise with above bank for the purchase, sale/transfer of shares/securities/debentures/units/etc. 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 etc. and to take on credit receipts in shares/securities/debentures/units/etc.

12.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 company and units of Units Trust of India/Mutual Funds/Financial Institutions/deposits/Investments of whatsoever nature in Banks/Company and to sell any such shares/securities/ debentures and /or units/investments etc. now standing in my name and such shares/securities/debenture units/etc 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.

13.To operate Safe Custody Locker Account or to keep / take out in/from safe custody shares/ securities/ debentures and/or units/etc. purchased pursuant to the above authority.

14.To make applications for shares/debentures and additional shares of any company / banks and receive and hold bonus shares.

15.To collect, receive and give good and effectual receipt (s) sum (s) and discharge (s) for all and any dividends, bonuses or any other sum (s) and/or Income arising from share/securities/debentures etc., subject to rules and regulations made under FEMA,1999 and other applicable rules and regulations from time to time.

16.To negotiate with any person whether body corporate or otherwise and effect the sale of shares/ securities/ debentures etc. 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 said shares/ securities/debentures/units etc.

17.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.

18.To deposit the monies realised from sale of the aforesaid shares/ securities/ debentures/units, etc with the above said bank and keep them invested/deposited until repatriation of the same.

19.To operate all or any of my bank account/s and to draw cheques on the said account and to give instruction in writing involving debits to the said account transfers thereon etc, for

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local payments only. To make withdrawals for investments in India where either I hold general or specific permission from RBI.

20.To deposit and/or discount cheques and other instruments in the said account and for this purpose to endorse on my behalf cheques, drafts, pay orders and other instruments payable to me and also to execute necessary documents in this regard. To make deposit from balances available in the account in my name and renew such deposit etc. for such periods as may be given in writing.

21.To certify balance confirmation statement and statement of accounts issued by the Bank in respect of the said account/s. To receive and acknowledge on my behalf any notices letters, communication etc. from the above bank and which shall be deemed to have been received/acknowledged by me. To make, draw, endorse, accept or otherwise sign, deposit any cheques, bills of exchange, promissory notes or other negotiable instruments and to discount the same with your bank

22.To invest any amount from the said deposit in shares, debentures, fixed deposits, bonds and units, etc.

23.To issue written instructions with regard to the said account/s for local disbursements only.

24.To enter into, make, sign, execute, deliver, acknowledge and perform any agreement, deed, writing or thing that may in the opinion of the ‘Attorney’ be necessary, proper and expedient for the aforesaid purposes. The acts, deeds and things lawfully done or got done by my Attorney by virtue of these presents for the purpose shall be construed as acts, deeds and things done by me.

25.This Power of Attorney shall continue to be in force until I/we expressly revoke it by a notice in writing delivered to the bank.

26.This POA issued is not for any monetary consideration and is only with intention to enable the said attorney to do all acts specified in these presents solely on my behalf as my lawful attorney. I do hereby confirm and declare that no consideration has been flown to the said attorney for acting as my lawful attorney as stated herein.

27.However, my aforesaid attorney is specifically excluded from powers i) to open any bank Accounts on my behalf, ii) to repatriate funds abroad, iii)to make application for obtaining any financial assistance or loan facility from GP Parsik Sahakari Bank Limited , iv) to close my account, v) to make payment by way of gift to any resident Indian on my behalf and vi) to transfer funds from my account to any other NRE Account.

28.Bank shall be indemnified and held harmless by me for any and all actions taken by my POA holder regarding my accounts at Bank, regardless of whether within the intended scope of this Power of Attorney or not; therefore, Bank shall have no liability for the actions of my POA Holder or for following the directions of my POA Holder in connection with my bank accounts at Bank.

29.The signature of the attorney so appointed by me is attested below. Ratify and confirm all and whatsoever the said Attorney should do or purport to do or cause to be done by virtue of these presents.

IN WITNESS WHEREOF, I/WE the Executant have put my hands on these presents in the presence of the following witnesses and seal on this day and year herein below mentioned.

I hereby undertake to ratify and confirm all and any acts that the ‘Attorney’ does or causes to do on the basis of this Power of Attorney.

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Signed and delivered by

Witness :`

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