Banker's Special Relationship
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Obligations?
duty to honour cheques, duty of secrecy (Tournier 1924), duty to report suspicious transactions, duty to protect customer data.
Rights?
banker's lien, right of set-off, right of appropriation, right of charging reasonable charges.
Third-party impositions?
garnishee orders (private), attachment orders (statutory), SARFAESI notices.
General / Universal POA — Scope / Use-Case?
Scope: Issued for more than one transaction, giving extensive powers to the donee — sign cheques, stop payment, sign borrowal documents.; Use-Case: NRIs managing Indian property/banking; senior citizens delegating to children.
Special / Limited POA — Scope / Use-Case?
Scope: Issued for a specific purpose — often a single transaction.; Use-Case: One-off property sale, single loan signing.
Form — Mandate / Power of Attorney?
Mandate: Simple letter; Power of Attorney: Stamped, notarised deed
Duration — Mandate / Power of Attorney?
Mandate: Short-term; Power of Attorney: Long-term / specific purpose
Stamping — Mandate / Power of Attorney?
Mandate: Not required; Power of Attorney: Required
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