Draft Board Resolution For Grant of General Power of Attorney


Draft Board Resolution For Grant of General Power of Attorney

"RESOLVED THAT Shri __________, of the Company, be and is hereby authorized to be the Attorney of the Company for such purposes and with such powers, authorities and discretion as embodied in the draft Power of Attorney, a copy of which is submitted to this meeting and for the purpose of identification, initialed by the Chairman. 

FURTHER RESOLVED THAT Shri __________, and Shri __________, of the Company be and are hereby authorized to execute the said Power of Attorney on behalf of the Company and that the common seal of the Company be affixed thereto pursuant to the provisions of Article ____ of the Articles of Association of the Company. 

RESOLVED FURTHER THAT Shri __________, be and is hereby authorized to sub-delegate all or any powers conferred on him by the Power of Attorney to any person as he may deem necessary and proper in the overall interest of the Company". 

RESOLVED FURTHER THAT the aforesaid power entrusted to the said official shall be valid and effective unless revoked earlier by the Board or shall be exercisable by him so long as he is in the concerned to the Company.

RESOLVED FURTHER THAT all acts, deeds, things, matters, etc. as aforestated shall be deemed to be valid and enforceable only if they are consistent with the instant resolution as may be relevant in this case and that the Board shall not be responsible for any acts beyond the scope of the aforestated powers done by (Name of the authorized person(s) and such invalid, illegal acts, and acts done beyond the scope of powers granted in this Resolution shall not bind the Company against any third parties or before any authorities  in any manner and that the Board shall not be answerable in that behalf.


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