Power of Attorney
Legal authorization granted to consortium banks to create and register mortgages on behalf of the corporate borrower.
Power of Attorney Wizard
Step 1 of 2Legal Protocol
A Power of Attorney for mortgage must be registered with the Sub-Registrar to be legally enforceable for property transactions.
- Must be executed on non-judicial stamp paper of prescribed value.
- Grants irrevocable authority until the loan is fully discharged.
Banking Audit Note
Power of Attorney Draft
GENERAL POWER OF ATTORNEY
BY THIS POWER OF ATTORNEY executed at Mumbai on this 17 day of October, 2026.
ABC Industries Limited, a company incorporated under the Companies Act and having its registered office at Industrial Area, Mumbai, Maharashtra 400001 (hereinafter called "THE BORROWER").
WHEREAS the Borrower has approached the following banks (The Consortium) for financial assistance:
- Lead Bank (SBI) (Lead Bank)
- HDFC Bank
- Axis Bank
AND WHEREAS it is a condition of the sanction that the Borrower shall execute an Irrevocable Power of Attorney in favor of the Banks.
NOW KNOW YE ALL AND THESE PRESENTS WITNESS that the Borrower does hereby appoint the Lead Bank and the Consortium Banks as its true and lawful attorneys to execute, sign, and register any deeds of mortgage or other documents in relation to the properties.
"We hereby ratify and confirm all and whatsoever our said Attorneys shall lawfully do or cause to be done by virtue of these presents."
For ABC Industries Limited
John Doe, Jane Smith
Witnesses:
Witness 1, Witness 2
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