POWER DELEGATION
This query is : Resolved
14 June 2010
Dear Sir
My company is Public Limited Company and my Board of directors want to delegate thier tendor power for signing its documents to a third party who is neither employee of the company nor associated with directors , can the board do so?
Please answer
Regards
Sanjay Srivastava
My company is Public Limited Company and my Board of directors want to delegate thier tendor power for signing its documents to a third party who is neither employee of the company nor associated with directors , can the board do so?
Please answer
Regards
Sanjay Srivastava
14 June 2010
Yes, the Directors can do so by passing a Board resolution and giving a specific power of attorney in favour of such person.
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