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Ritha Ulbyre is a senior associate in the Bangalore office of Cyril Amarchand Mangaldas, advising private equity funds, corporations, banks, borrowers and developers on large real estate acquisitions, involving title due diligence, transaction structuring, negotiating transaction documentation including conveyancing and leasing. She can be reached at

power of attorney

The concept of granting authority or delegating is not new to India, in fact, it can be traced back several hundred years. This concept of bestowing power on a person, by another person, to do things in a formal manner is called a ‘power of attorney’. Power of Attorney is widely used in personal and business transactions, as well as in conducting litigations before courts. The person granting the power is called the ‘principal’ and the one who acts on behalf of the principal is an ‘agent’ or ‘attorney’ of the principal. An act done by the agent, pursuant to the powers granted, binds the principal as if the principal himself has done it.Continue Reading Have You Got the Power?