Who can use this Indian power of attorney?
Any company having business in India.
What is this power of attorney for?
It gives authority to the general manager of a company to transact business on its behalf, including making financial decisions and signing agreements on behalf of the company. The power of attorney is governed by Indian law.
What are the main issues for granting a power of attorney for a general manager?
First, the company needs to be satisfied that the general manager is an appropriate person to have the authority being given to him.
A power of attorney identifies the scope of the authority to make decisions relating to finance, property and other matters.
So you need to consider how much freedom your general manager will have to make his own decisions.
What detailed terms does the power of attorney contain?
There are 13 clauses covering the range of activities which the manager is authorised to deal with:
- Negotiating and signing contracts for the sale of the company’s products
- Signing bonds, indemnities and guarantees
- Buying and selling property
- Registering contracts and other documents
- Dealing with export and customs
- Issuing refund orders
- Submitting bids and tenders
- Signing affidavits and documents related to claims and proceedings
- Entering into contracts
- Representing the company before any judicial and other authorities and central and state government departments
- Signing applications and other documents relating to utilities services
- Giving authority to employees of the company
There is also a general clause giving wide authority to the attorney to act in the name of the company.
For signing a power of attorney under Indian law see these Contract signing notes
When I download the document, can I change it and/or use it more than once?
Yes, all ContractStore’s templates are in editable MS Word. You can adapt it as appropriate and you can use it for more than one appointment. For more information, watch the video on this page of our website or see our FAQs.
ContractStore supplies templates and is not a law firm. However our templates are all written by experienced lawyers, in this case by an English lawyer who is qualified to practice in India. So, we can arrange legal support if required. See our legal services page for more details.
To contact us, see our Contact page
If you have any questions about a contract and/or want to see the Explanatory Notes before you buy, please let us know by using our contact form
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