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Execuition of a shareholders agreement

Guest (Querist) 04 June 2012 This query is : Resolved 
A shareholders agreement is proposed to be excuted between three companies viz. XYZ(P) Ltd.,PQR (P)Ltd., & ARC(P) Ltd to jointly doing a business.Mr. P is a common director in the first and the third named company. Can he sign the agreement as authorised representatives on behalf of the said two companies?

C.S.A.K.Maitra
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DR.VEDULA GOPINATH (Expert) 05 June 2012
MR P. CAN SIGN THE AGREEMENT ON BEHALF OF TWO COMPANIES SUBJECT TO BOTH BOARDS OF DIRECTORS DULY AUTHORIZE HIM TO SIGN THE AGREEMENT ON BEHALF OF RESPECTIVE COMPANIES.

DR VEDULA GOPINATH
M V Gupta (Expert) 05 June 2012
I agree with the above view.

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