General Power of Attorney by Company to Its Agent (India) by OLL
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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.
This is a preview. The full template is free on GitLaw.
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.
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About this template
What is this template?
This is a broad corporate delegation of authority that enables an agent to act on behalf of a company in India. It is not a Special Power of Attorney as it covers a wide range of commercial acts rather than a single specific task. It includes specific powers over staff recruitment, 'hundis', and transactions with Nationalised Banks.
When should you use it?
Use this when a company director cannot personally manage daily operations and needs to empower an agent to sign contracts and hire staff. Use a Special Power of Attorney instead if the agent is only authorized to perform one specific task, like selling one property.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 2 | Property Acquisition | Authorises the attorney to purchase or otherwise acquire movable and immovable property specifically in the interest of the company. |
| 5 | Staff Management | Grants the attorney authority to appoint, suspend, and terminate roles including Manager, Accountant, Steno, and Typist. |
| 9 | Financial Instruments | Permits the attorney to draw, accept, endorse, negotiate, and satisfy hundis, cheques, and promissory notes. |
| 12 | Banking Operations | Empowers the attorney to open or close accounts in Nationalised Banks and operate them as General Manager. |
| 14 | Legal Proceedings | Authorises the attorney to prosecute or defend suits and appoint advocates to represent the company in courts. |
| 18 | Ratification | States that all works performed by the attorney under this instrument shall be binding upon the company. |
Who it's for
- an Indian company delegating day-to-day operational authority to a General Manager
- a corporate entity requiring an agent to manage staff and nationalised bank accounts
How long it runs and how it's signed
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