General Power of Attorney by a Company (India) by OLL
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GENERAL POWER OF ATTORNEY BY A COMPANY
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TO ALL TO WHOM THESE PRESENTS SHALL COME, ____________________, a Company incorporated under the Companies Act, 1956 and having its registered office at ___________________________________ (hereinafter referred to as the "Company") SENDS GREETINGS:
AND WHEREAS the Company is desirous of appointing Sh. ________________ (hereinafter called the "Attorney") one of the Directors of the Company as the true and lawful Attorney with full power and authority to do and execute all acts, deeds and things as hereinafter mentioned in the name of and on behalf of the Company and subject to the provisions of the Companies Act, 1956:
1. The Company is carrying on the business of manufacture of ________________ more particularly detailed in the main objects clause of the Memorandum of the company.
2. In order to facilitate the business to be carried on smoothly, the Company hereby appoints Sh. ____________________ as its constituted attorney with full power and authority to do and execute all acts, deeds and things as hereinafter mentioned in the name of and on behalf of the Company and subject to the provisions of the Companies Act, 1956.
NOW KNOW YOU ALL AND THESE PRESENTS WITNESS that the Company does hereby appoint, constitute and nominate Sh. ____________________ as true and lawful attorney or agent of the Company with full powers and authority to do and execute all acts, deeds and things as hereinafter mentioned on behalf of and for the Company viz.,
1. To manage the affairs of the Company efficiently and faithfully and in a manner conducive to the interest of the Company.
2. To maintain proper control on and discipline in the staff employed and to initiate disciplinary proceedings against any member of the staff employed in the Company for any act of indiscipline or misconduct or any other offence prescribed by the service rules made by the Company.
3. To pay the monthly salaries and other emoluments of the employees as sanctioned by the Company and to obtain receipt for the same.
4. To open one or more accounts of the Company, in the name of the Company with one or more Banks as may be approved by and to such an extent and with such limits and restrictions as may be stipulated by the Directors from time to time by a resolution of the Board or Committee of the Board of Directors of the Company and to operate the same for and on behalf of the Company by drawing, accepting, endorsing, negotiating, releasing, paying or satisfying any promissory notes, bills of exchange, cheques, drafts, hundies or orders for payment of moneys and delivery of securities, goods, or effects or other negotiable instruments and mercantile documents which may be deemed necessary or proper in respect of the business of the Company or its offices.
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This template provides a General Power of Attorney for a company in India to appoint a Director as its legal agent. It grants comprehensive authority to manage business operations, handle banking transactions, execute deeds, manage employees, and represent the company in legal or regulatory proceedings.
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About this template
What is this template?
This document is a corporate authorization grant that creates a principal-agent relationship between a company and one of its directors. It is not a Special Power of Attorney, as it covers a broad range of activities including HR, banking, litigation, and tax filings rather than a single specific act.
When should you use it?
Use this when a Board of Directors needs to delegate comprehensive operational authority to a single individual to ensure smooth business continuity. If only a single transaction like a property sale is required, use a Special Power of Attorney instead.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 4 | Banking Operations | The Attorney may open bank accounts, accept bills of exchange, and sign cheques on behalf of the Company within Board-approved limits. |
| 6 | Registration of Documents | The Attorney is authorized to lodge deeds for registration and admit execution before authorities for property or business transactions. |
| 2 | Staff Management | The Attorney holds the power to initiate disciplinary proceedings against staff members for misconduct under the Company's service rules. |
| 14 | Legal Proceedings | The Attorney may commence or defend suits, sign plaints, and appoint advocates to represent the Company in legal actions. |
| 17 | Arbitration and Settlement | The Attorney is empowered to refer business disputes to arbitration and negotiate settlements or compromises in the Company's interest. |
| 25 | Taxation Matters | The Attorney is authorized to submit returns and provide information regarding income tax, wealth tax, and expenditure tax. |
Who it's for
- an Indian company incorporated under the Companies Act 1956 delegating management powers to a Director
- a company Director needing authority to sign deeds, mortgages, or lease agreements on behalf of the corporation
- a firm requiring a representative to manage bank accounts and negotiable instruments like bills of exchange
How long it runs and how it's signed
Law it's drafted under
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