Power of attorney
This query is : Resolved
02 February 2011
Hello sir ,
i need it to be resolved urgently,
i would like to know whether a managing director of a pvt ltd co. can authorize any other person through power of attorney (to execute works contract or in relation to any tender)
i need it to be resolved urgently,
i would like to know whether a managing director of a pvt ltd co. can authorize any other person through power of attorney (to execute works contract or in relation to any tender)
Jayashree S Iyer
(Expert)
02 February 2011
MD can do it as he has inherent powers of managing the whole affairs of the company.
However as a good corporate governance it's better if the matter is considered at the BM and the Board authorises the MD or any other person to issue such POA.
However as a good corporate governance it's better if the matter is considered at the BM and the Board authorises the MD or any other person to issue such POA.
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