General Power of Attorney by Company to Its Agent (India)
This template is a general power of attorney granted by a company to an appointed agent or attorney-in-fact. It provides broad authority to manage business operations, handle financial transactions, execute contracts, manage staff, and represent the company before government authorities.
General Power of Attorney by Company to Its Agent
Know All Men by These Presents that M/s. …………………. Ltd., having its Head Office at ………………………… (here-in-after called the company) appoint Mr. CL, s/o Mr. ML, r/o ……………………………, (herein after called the attorney) as its attorney to do all deed and acts, which the Company is aurthorised to do through an attorney. The said attorney shall have the power to do the following:
1. That attorney shall carry out the business of the company to best of his ability and capacity in the interest of the work.
2. The attorney shall purchase or otherwise acquire any movable or immovable property in the interest of the company.
3. The attorney shall work, manage and develop the properties or undertakings in the interest of the firm.
4. The attorney shall manage and supervise manufacture, and sales of the goods in the best interest of the company.
5. The attorney shall be the over all in-charge of the staff. He shall appoint, suspend, and terminate Manager, Accountant, Steno, Typist and peons etc. as and when he thinks proper in the best interest of the company.
6. The attorney is authorised to enter into any kind of contract, execute and perform all obligations and receive and accept all benefits for and on behalf of the company.
7. The attorney is authorised to enter into, make, sign and do all such agreements, receipts, payments and contracts, etc. as he thinks proper and expedient in the interest of the company. The attorney can mortgage property if he thinks proper and expedient for carrying on affairs of the company smoothly.
8. The attorney shall adjust, settle, compromise and submit to arbitrators all accounts, debts, claims, demand, disputes and matters which may a rise between company and persons/persons from time to time.
9. The attorney shall draw, accept, endorse, negotiate, retire , pay or satisfy any bills of exchange, promissory notes, hundis, cheques, drafts etc. which he thinks necessary and expedient in the interest of the company.
10. That attorney shall draw, accept , endorse, negotiate, retire, pay or satisfy any bills of exchange, promissory notes, hundis, cheques, drafts etc. which he things necessary and expedient in the interest of the company.
11. The attorney shall borrow from time to time any sums by pledging movable or immovable properties the company on such terms and conditions as he thinks proper in the interest of the company.
12. The attorney shall open a bank account in the name of the company in any of the Nationalised Bank and shall operate it as General Manager of the Company. The attorney is authorised to close the bank account, already running, and open the account to some other Nationalised bank as and when he thinks it proper in the best interest of the company.
13. The attorney is empowered to invest the money of the company in the best interest of the company, as and when he thinks it proper.
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About this template
What is this template?
This document is a formal grant of authority from a corporate entity to a designated representative. It is not a contract for services but a tool to facilitate legal representation and document execution by an agent.
When should you use it?
Use this when a company director cannot be physically present to sign documents or attend government meetings and needs an agent to act in their stead. Use a Special Power of Attorney instead if the authority is limited to a single specific transaction.
What's inside
| Clause | Name | What it does |
|---|---|---|
| Recitals | Appointment of Agent | The company appoints a named individual as its lawful attorney to act on its behalf in specified business transactions. |
| 1 | Scope of Powers | Enumerates the specific actions the agent can perform, including signing contracts and representing the company before government bodies. |
| Closing | Ratification | The company agrees to ratify and confirm all lawful acts performed by the agent under this power of attorney. |
| Termination | Duration and Revocation | Specifies that the authority remains valid until revoked by the company or upon the completion of the assigned tasks. |
Who it's for
- an Indian private or public limited company authorizing an individual to manage its corporate affairs
- a company official needing to delegate administrative or legal signing authority to a regional manager
How long it runs and how it's signed
Law it's drafted under
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