Proprietorship firm(Query)
This query is : Resolved
15 May 2011
If in a proprietorship firm the proprietor want to give authority to another person to operate a/c of firm in his absence then what he should do?
Operate A/c in the sense that signing cheque on his behalf, deposit, withdraw etc.
Is the another person called Mandate holder?
How he is diffrent from autorized Signatory?
Operate A/c in the sense that signing cheque on his behalf, deposit, withdraw etc.
Is the another person called Mandate holder?
How he is diffrent from autorized Signatory?
U S Sharma
(Expert)
15 May 2011
A "Power of Attorney" would suffice the purpose,
he has to state the venues, duties and areas where the POA would appear, sign and discharge duties on behalf of Proprietor.
he has to state the venues, duties and areas where the POA would appear, sign and discharge duties on behalf of Proprietor.
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