My Question/query is-
A Co. 'X' having all India presence appoints one Mr. 'Y' to conduct its business in one particular zone(say, there are 5 zones- North, South, East, West, Centre). For this the Co. executes a power of attorney authorizing him-"Mr.Y" to conduct all its affairs. In one of the branches of its zones there arises a situation where the Co. is embroiled in a legal issue concerning certain "stop payments & dishonour" of cheques issued in favour of the Co..
Whether Mr. Y in order to proceed criminally as well as in civil, can further authorize another person through executing a power of attorney enabling such person to take all necessary and requisite steps on behalf of the Co.?
What are its implications? Whether such further delegation is legally recognisable? Are there any case laws For and Against it?
Note- The second power of attorney has no Co. seal.
