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Siva   15 December 2016

Power of attorney

A person who is residing in Singapore is appointed as Director /Designated partner/ Managing partner of a company in India.

Can he excecute Power of attorney in the name of a person in India to delegate his duties as director/DP/Partner in his personal capacity.

Delegation also includes power to sign cheques.

Is there any restriction in Companies Act or anyother law?

Regards Siva



Learning

 1 Replies

Kumar Doab (FIN)     16 December 2016

Hope you shall take it positively.

 

The establishment may preferably refer the matter to its legal cell/counsel/ law firm and obtain legal opinion, and file the legal opinion. 

 

The establsihment can afford it also.


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