To protect one’s interests, it is critical to limit the Power of Attorney so that the Agent does not abuse his authority. Another way to limit the scope of a Power of Attorney is to ensure that the document allows third parties to exercise some supervision over the Agent. There is no guarantee that an Agent will always work honestly. Failure to limit the Agent’s/authority often results in significant losses.
Monnishaa Mahajan, Principal Attorney at Legal Help NRI. Monnishaa has an experience of more than 15 years in assisting and advising NRI's in resolving their disputes in India.