A power of attorney refers to a signed agreement between two individuals that allows one individual to act on the other's behalf in either a limited or broad capacity. The person, who initiates a power of attorney, whether in oral or written form, is referred to as the grantor or principal. The authorized individual named in the agreement is referred to as the attorney in fact or agent. A power of attorney generally falls into two categories: general and special.
Documents Required for GST Registration are PAN of the Applicant, Aadhaar card, Proof of business registration or Incorporation certificate, Identity and Address proof of Promoters/Director with Photographs, Address proof of the place of business, Bank Account statement/Cancelled cheque, Digital Signature, Letter of Authorization/Board Resolution for Authorized Signatory
Appointing a special power of attorney means legally authorizing another person, called an agent or an attorney in fact and the right to act on behalf of another person, known as the principal, under specific, clearly laid-out circumstances.