The principal can revoke a GPA anytime, provided he is of sound mind and competent. Some of the conditions for revocation are (under Section 201 of the Indian Contract Act, 1872):
- If the principal revokes the Power of Attorney granted to the agent.
- If the principal or the Power of Attorney holder or both become unsound of mind, die, or/are adjudicated as insolvent by the court.
- If the Power of Attorney holder renounces his powers.
- If the business for which the Power of Attorney was granted gets completed.
The revocation should be in writing, and it is advisable to notify the agent and any institutions or individuals relying on the GPA.