GENERAL POWER OF ATTORNEY BY COMPANY TO ITS AGENT

GENERAL POWER OF ATTORNEY BY COMPANY TO ITS AGENT

            KNOW ALL MEN BY THESE PRESENTS  that  M/s. …………………. Ltd., having its Head  Office at ………………………… (here-in-after called the company) appoint Mr. CL, s/o Mr. ML, r/o ……………………………, (herein after called the attorney) as its attorney to do all deed and acts, which the Company is aurthorised to do through  an attorney. The said attorney shall have the power to  do the  following:

1.         That attorney shall carry out the business of the company to best of his ability and capacity   in the interest of  the work.

2.         The attorney shall purchase  or otherwise  acquire  any   movable or immovable  property   in the  interest  of the company.

3.         The attorney  shall work, manage and  develop the properties  or  undertakings in the interest  of the firm.

4.         The attorney shall manage and supervise manufacture, and sales of the goods in the best interest  of the company.

5.         The attorney shall be the over all in-charge of the staff. He shall appoint, suspend, and  terminate  Manager, Accountant, Steno, Typist and peons   etc. as  and when  he thinks proper in the best  interest of the company.

6.         The attorney  is authorised to enter into any kind of contract, execute and perform all obligations and receive and accept all benefits for and on behalf of the company.

7.         The attorney is authorised to enter into,  make, sign and do all such agreements, receipts, payments and  contracts, etc. as he thinks proper and expedient in the interest of the company.  The attorney  can mortgage property if   he thinks proper  and expedient for carrying   on affairs  of the company smoothly.

8.         The attorney shall adjust, settle, compromise and submit to arbitrators  all accounts, debts, claims, demand, disputes and matters which may a rise between company and persons/persons from time to time.

9.         The attorney shall draw, accept, endorse, negotiate, retire , pay or satisfy any bills  of exchange, promissory notes, hundis, cheques, drafts etc. which he thinks  necessary and expedient  in the interest  of the company.

10.       That attorney shall draw, accept , endorse, negotiate, retire, pay or satisfy any bills of exchange, promissory notes, hundis, cheques, drafts etc.  which he things necessary and expedient in the interest of the company.

11.       The attorney shall borrow from time to time any sums by pledging  movable or immovable properties the company on such terms and  conditions as he thinks  proper in the interest of the company.

12.       The attorney  shall open a bank account in the  name of the company in any of the Nationalised  Bank and shall operate it as General  Manager of the Company. The attorney is authorised to close the bank account, already running, and open the account  to some other Nationalised bank as and when he thinks it proper in the best interest of the company.

13.       The attorney is empowered to invest the money of the company in the best  interest of the  company, as  and when  he thinks it proper.

14.       The attorney is empowered  to commence and prosecute, and to defend compound  and abandon  all actions proceedings, suits and claims in relation  to the business and property of the company. He is empowered  to appoint   advocate/advocates to look after the matter in the  courts and Government offices.

15.       The attorney shall represent  the company before any Department  of the  State Government  or the Central  Government , or before any local authorities and vote  at any meeting  in any firms, companies, or Government  departments  for and on behalf  of the company.

16.       The attorney  shall appoint  some insurance  agent for  insurance of the stock, buildings, plant and machinery and other  movable  and immovable  properties.

17.       Generally the attorney shall do all other works  concerning  with the  affairs  of the company to the best of his ability  in the best interest  of the company.

18.       The company agrees that  all the works  done by the  said  attorney  shall be  binding on  the company.

I execute this power of attorney in the presence of the following  witnesses.

Witnesses:

1.            ………….                                           For  ………………………. Ltd.

2.            …………..                                          Signature………………..

Director (seal)

            Signature of Director