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Free ICICI Bank NRI Power of Attorney Form

This form can be used by ICICI NRI Account customers if they want to assign someone in India to handle their accounts when they are not in the Country.

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Text Version of the Form

FORMAT OF POWER OF ATTORNEY
INSTRUCTIONS

(WHEN POWER OF ATTORNEY IS EXECUTED IN INDIA BY NON RESIDENT INDIANS)

1. The Power of Attorney is to be executed on a non-judicial stamp paper of the
requisite value as per the stamp duty prevalent in the respective state (Rs. 100 in the
State of Maharashtra).
2. Each page of the Power of Attorney is to be signed and wherever the blanks are filled
in initialed by the Grantor (applicant executing the POA). The POA should be signed
by the Attorney on the last page.
3. It is mandatory that the Power of Attorney should be notarised by a Notary Public.
(WHEN POWER OF ATTORNEY IS EXECUTED OUTSIDE INDIA BY NON-RESIDENT
INDIANS)

1. The Power of Attorney should be first typed on a plain sheet of paper. Each page
of the Power of Attorney is to be signed and wherever the blanks are filled in
initialed by the Grantor (applicant executing the POA).
2. The signature of the Grantor the should Grantor should be attested by any
authorised official of the Indian Embassy / Indian Consulate / Trade
Commissioner Trade Commissioner of India in India / Notary Public in the
country where the Grantor resides. These officials will have to affix their stamp
and signature on the Original POA. If the stamp of the Notary Public does not bear
his name, then principal office address and notary registration number must be
written by hand.
3. The POA is then sent to India where the Attorney signs the POA on the last page.
The POA then needs to be notarised by stamped and notarised by the Notary
Public.
Please Note –

The following para needs to be written on all legal documents signed by the Attorney
holder.

For and on behalf of Mr. _______________ (name of customer)

Through duly authorised POA holder Mr. __________________ (name of POA)

Vide POA dated _____________ (date of POA document)

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260312.V2
Affix recent Affix recent
size Photo of size Photo of
Grantor cross Attorney cross
signed signed

GENERAL POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS THAT I ______________________________________
___________________________ (“the Grantor”), residing at _____________________________

DO HEREBY NOMINATE APPOINT AND CONSTITUTE _______________________________
___________________________________________, son/daughter of ______________________
_______________________________________ (‘the Attorney’ who has subscribed his/her
signature hereunder in token of identification) and at present residing at _______________

to be my lawful Attorney in my name and on my behalf to do any one or all of the
following acts, deeds, matters, and things, namely:
1.
To apply for financial assistances / facilities (the “Facilities”) under various
schemes of ICICI Bank Limited (“ICICI Bank”, which expression shall, unless it be
repugnant to the subject or context thereof, include its successors and assigns)
from time to time, for such amount/s as the Attorney may deem fit, pay all fees,
sign application/s (the “Application/s”) for the Facilities, furnish details and
information required, give any statement, letter, clarification or any other writing
required or necessary for availing of the Facilities and to follow up with ICICI Bank
with respect to the Application/s and do such other things and deeds as may be
necessary in relation thereto.
2.
To accept terms and conditions relating to the Facilities and sign such writings /
letters / papers / documents in token of my acceptance of the terms and
conditions therein contained and pay all fees, charges and all amounts in respect
of the Facilities.
3.
To request ICICI Bank or agree for any change or modification in the amount/s of
the Facilities, rate/s of interest, period of repayment or any other terms and
conditions in relation thereto.
4.
To receive disbursement of the Facilities and for that purpose give effectual
discharge.
5.
To give necessary information and documents to assist ICICI Bank appraise the
Application/s, and any properties purchased/to be purchased using the Facilities.
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260312.V2
6.
To secure the Facilities on such properties mentioned above or any other
properties as may be required by ICICI Bank and as the Attorney may agree, in a
form and manner acceptable to ICICI Bank; to pay stamp duty on security
documents if any, present such security documents for registration before
appropriate Registrar/Sub-Registrar of Assurances and give authority letters to
the Sub-Registrar to directly deliver the registered documents to ICICI Bank.
7.
To furnish such indemnities as may be required by ICICI Bank in relation to the
Facilities (including security for the same) and execute all such agreements,
documents and writings as may be required by ICICI Bank in respect of the
Facilities.
8.
To execute in favour of ICICI Bank an irrevocable Power of Attorney authorizing
ICICI Bank to execute in its own favour or in favour of any other person, as ICICI
Bank in its sole discretion may decide, legal mortgage in English form on the
properties to be secured for the Facilities.
9.
To execute in favour of ICICI Bank, an irrevocable Power of Attorney authorizing
ICICI Bank, inter alia, to sell the properties secured on any delay or default in
repaying the facilities and/or occurrence of any other event of default under the
Facilities as also to appropriate sale proceeds against the outstanding amounts in
respect of the Facilities.
10.
In addition to power under clause (6) above, to pledge with ICICI Bank any share
certificates, debentures, bonds, units issued by Unit Trust of India, National
Savings Certificates, fixed deposits or any other security owned by me, by way of
security for the Facilities and to sign any documents, transfer forms or papers that
may be required in connection therewith.
11.
To acknowledge my liability / debt to ICICI Bank in respect of the Facilities.
12.
To buy property/ies on my behalf from any person, to execute agreement/s for
sale and deeds, pay all monies (including deposits) in relation thereto, pay stamp
duty, present such agreement/s and deeds for registration before appropriate
Registrar/Sub-Registrar of Assurances and give authority letters to the Sub-
Registrar to directly deliver the registered documents to ICICI Bank / their trustees
/ agents.
13.
To take possession of the properties which have been purchased on my behalf.
14.
To give on lease / leave and license my properties to any person as the Attorney
may deem fit.
15.
To enter into / execute and furnish such documents and writings as may be
required by the trustees / agents of ICICI Bank.
16.
To sell the properties belonging to me (including properties secured for the
Facilities and all monies in respect thereof) to any person at such price as may be
deemed fit by the Attorney.
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260312.V2
17.
To sign forms, documents and papers required for the purpose of registration
with Co-operative Housing Society or Limited Company or Association of
Apartment Owners and become member thereof participating in all the meetings
and proceedings from time to time, obtain share certificates and/or other
documents issued in my name and hold the same as my Attorney.
18.
To abide by the provisions of all applicable laws (including the Foreign Exchange
Management Act, 1999) in connection with the Facilities from ICICI Bank
(including creation of security as may be required by ICICI Bank).
19.
Generally to do all such acts, deeds, matters and things all at my cost and
expense as are necessary and incidental to buying the property, paying the
purchase price, borrowing from ICICI Bank, and giving security as my Attorney
deems fit and proper.
AND I agree to ratify all lawful acts, deeds, matters, and things done by my Attorney
pursuant to the powers hereinbefore mentioned.

In Witness Whereof, I ______________________________________ have hereunto set and
subscribed my hands at ____________________ on _______________________.

Passport number of Grantor:-_____________________________
DL/PAN/Passport no of Attorney:-______________________

SIGNED and DELIVERED by
_________________________ in the presence of

1. _______________________
2. _______________________
I accept

Specimen signature of ___________________________________, the
Attorney of _____________________________.

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260312.V2

ICICI Bank NRI Power of Attorney Form


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