AMENDMENTS TO THE NOTARY LAW SET NEW ORDER FOR USING POWERS OF ATTORNEY

Several amendments to the Notary law came into force and made some significant changes in rules of operations with powers of attorney (POA).Particularly, the changes have affected the procedure for the revocation of POA. Previously, forms of notification of revocation was not specified by law, therefore even notarized POA could have been revoked by simple written request. And now revocation of POA requires special notification issued in the same form as POA or in notarized form.Also, it is not required anymore to publish information on revocation of notarized POA in the “Kommersant” newspaper. Such information shall be published in the online register of notarial acts.In addition, the fact of issue and validity of notarized POA can be checked via the Internet as well.It is required to fill in special form on reestr-dover.ru, specify the date of issue, registration number of POA, and the name of the notary, who issued it. Information is available 24 hours a day, on free of charge basis.Such innovations continue the trend of state authorities to display notary’s activities online. For example, since October 1, 2016 notaries are obliged to make entries to online register of notarial acts regarding following actions:–notarized verification of signatures on applications for registration of companies;–notarization of transactions and Minutes of the company bodies.