A Power of Attorney (POA) is a legal agreement which empowers a person with the authority to pass on this authority to another person or persons and making him the Attorney in Fact. This POA can be general (unlimited) or it can be of a limited nature, that is, the authority can be in all matters pertaining to the company or it can be limited to a specific function. The POA can also be time specific, that is for a fixed period in time with an expiry date or it can be in perpetuity.