Lease Agreement
This query is : Resolved
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sankar ponnan
(Querist)
07 July 2020
SIR
A Steel manufacturing company leased its plant and machinery for a period of five years by the lease agreement to another company for the purpose of manufacturing in Namakkal.
To register the lease agreement in sub-registrar office, directors of both the companies should sign the document in sub-registrar office.
Unfortunately,one of the director who resides in Chennai, is not able to come to the sub- registrar office, Namakkal as covid-19.
At this time, Can that director appoint his manager who resides in namakkal to sign at the time of registration?
Thanks in adv
A Steel manufacturing company leased its plant and machinery for a period of five years by the lease agreement to another company for the purpose of manufacturing in Namakkal.
To register the lease agreement in sub-registrar office, directors of both the companies should sign the document in sub-registrar office.
Unfortunately,one of the director who resides in Chennai, is not able to come to the sub- registrar office, Namakkal as covid-19.
At this time, Can that director appoint his manager who resides in namakkal to sign at the time of registration?
Thanks in adv
CA R SEETHARAMAN
(Expert)
07 July 2020
Through power of attorney the manager can sign.
08 July 2020
IN CASE OF A COMPANY, COPY OF BOARD RESOLUTION IS ALSO REQUIRED IN WHICH BOARD AUTH. THE MANAGER TO SIGN THE PAPERS RELATED THERETO.
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