Power of Attorney Revocation Deed

DEED OF REVOCATION OF POWER OF ATTORNEY Executed at [place_of_execution] on [revocation_date] I, [principal_name], residing at [principal_address] (hereinafter "the Principal"), do hereby declare as follows: 1. THE POWER OF ATTORNEY BEING REVOKED 1.1 By a Power of Attorney dated [original_poa_date], I appointed [agent_name], residing at [agent_address] (hereinafter "the Attorney"), to act on my behalf. 1.2 Registration particulars, where registered: [registration_details] 1.3 The said Power of Attorney authorised the Attorney to do the following on my behalf: [powers_revoked] 2. REVOCATION 2.1 I HEREBY REVOKE, CANCEL AND ANNUL the said Power of Attorney dated [original_poa_date], together with all powers, authorities and privileges granted by it, with immediate effect from the date of this Deed. 2.2 The Attorney shall cease forthwith to act, or to hold out as authorised to act, on my behalf in any manner whatsoever. 3. REASON [reason_for_revocation] 4. EFFECT 4.1 With effect from the date of this Deed, the Attorney has no authority to execute any document, enter into any transaction, receive any money, or do any act on my behalf. 4.2 I shall not be bound by, and expressly disclaim, any act done or document executed by the Attorney on or after the date of this Deed. 4.3 I confirm and ratify all lawful acts genuinely done by the Attorney within the scope of the authority granted BEFORE the date of this Deed. 5. RETURN OF DOCUMENTS The Attorney is called upon to return to me forthwith the original Power of Attorney and all documents, title deeds, records and property of mine held by virtue of it, and to render a full account of all transactions carried out under it. 6. NOTICE TO THIRD PARTIES Public notice is hereby given that the said Power of Attorney stands revoked, and that no person shall deal with the Attorney on the basis of it. Any person doing so after the date of this Deed does so at their own risk and cost. IN WITNESS WHEREOF I have executed this Deed of Revocation on the day, month and year first above written. PRINCIPAL [principal_name] WITNESSES 1. Name: ______________________ Signature: ______________ Address: ______________ 2. Name: ______________________ Signature: ______________ Address: ______________ ──────────────────────────────────────────────────────────────── REVOCATION IS NOT COMPLETE UNTIL PEOPLE KNOW Executing this deed is only the first step, and on its own it may not protect you. 1. SERVE IT ON THE ATTORNEY, by registered post with acknowledgment due. Under Section 208 of the Indian Contract Act, 1872 the termination of an agent's authority does not take effect as regards the agent before it becomes known to them, and as regards third parties before it becomes known to THEM. 2. NOTIFY EVERY THIRD PARTY who has dealt with, or may deal with, the attorney — banks, the Sub-Registrar's office, the housing society, the municipal authority, tenants, and any purchaser in negotiation. A third party who deals with the attorney in good faith, without notice of the revocation, may be protected. 3. REGISTER THE REVOCATION where the original power of attorney was registered. A registered power of attorney should be revoked by a registered deed at the same Sub-Registrar's office. 4. PUBLISH A NOTICE in a newspaper circulating in the locality where the property is situated. This is the ordinary way of putting the world on notice, and it is inexpensive relative to the risk. WHEN YOU CANNOT REVOKE: under Section 202 of the Indian Contract Act, 1872, where the agent has an INTEREST IN THE SUBJECT MATTER of the agency, the authority cannot, in the absence of an express contract, be terminated to the prejudice of that interest. A power of attorney described as "irrevocable" and coupled with an interest — commonly one given to a developer under a development agreement — may not be revocable at will. Take advice before assuming you can simply cancel it. A power of attorney also stands automatically revoked on the death, insanity or insolvency of the principal.