Issue of Power of attorney by Holding co. to its international wholly owned subsidiary

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Student
25 Points Posted on 20 July 2023
Can holding co. issues POA to Director of its wholly owned subsidiary co. to carry works.
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On 20 July 2023 at 08:07 Report
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This discussion confirms that a holding company can indeed issue a Power of Attorney (POA) to a director of its wholly-owned subsidiary. This authorisation allows the subsidiary's director to act on behalf of the holding company in legal matters and make decisions. It's a common practice for facilitating operations.

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Profession
28269 Points Posted on 20 July 2023
Possible.
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On 20 July 2023 at 10:36
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CS
2942 Points Posted on 21 July 2023

Yes, a holding Company can issue the power of attorney to the Director of a Subsidiary Company. POA authorizes the director to act on behalf of the holding company in legal matters and make decisions on its behalf.

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On 21 July 2023 at 15:52
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Student
25 Points Posted on 21 July 2023
Thanks all
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On 21 July 2023 at 15:55

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