POWER OF ATTORNEY BY A PARTNERSHIP FIRM

POWER  OF ATTORNEY BY A PARTNERSHIP FIRM

KNOW ALL MEN BY  THESE PRESENT  that I, SD, partner of the firm  M/s …………………., ………………… authorised  by the other  partners  appoint for  and on behalf of my firm Mr. RS, the Manager   if  the firm, as   attorney  of the firm above  named to do, execute  and transact all such  acts, deeds and things as  he thinks  necessary, proper, expedient   or conducive  to  the efficient  transaction and carrying n the business of the firm. In particular he  is authorised to do, execute, and   transact the following deeds and matters so long he remains in the service of the firm:

1.            The said  attorney is authorised to make,  execute  and effect  all agreements  in general  and agreement for purchase of Cars, Scooters, and  Trucks on hire purchase,  in particular.

2.            The said  attorney  is authorised  to make all kind of sales  and purchase   and do all other works concerning  with loans  and advances as they  think  necessary and expedient in the interest of the business of the firm.

3.            The said  attorney is authorised  to draw, accept, accept, negotiate, pay or  satisfy  bills of exchange, promissory note, hundis, cheque, draft.

4.            The attorney is authorised to place order on my behalf, retire the  documents  from the bank, make payments, receive payments on behalf of the firm.

5.            The attorney is authorised  to conduct, supervise and control  the correspondence.  The  attorney shall deal with those having dealings with the firm and shall deal with  the Government, Semi Government Offices Semi-Government Offices and Local Bodies, with firms, companies, persons and individuals for and on behalf of the firm.

6.            The attorney  is authorised  to demand, collect and give effectual bona  fide  discharge of all debts, hire monies advances and other dues and to take, prosecute  and use all  lawful means for  recovery and realisation of the amount of the firm.

7.            The said  attorney is authorised to purchase movable and immovable  properties for and on behalf  of the firm and acquire rights, lease, and licenses for and on behalf of the firm.

8.            The attorney is authorised to sell or otherwise  transfer  any property, whether movable or  immovable , in the  ordinary  course of  the business of the firm  and in the interest  of the firm.

9.            The attorney  is authorised  to borrow the money from the  bank and accept deposits for the purpose of the business of the firm.

10.         The Attorney  is authorised to pledge, mortgage, hypothecation of  securities , bonds, negotiable  instruments or other assets  of the firm in the interest  of the business of the firm.

11.         The attorney is authorised  to look  after  all the  matters  concerning with  sales tax, income-tax, Semi Government Bodies, local  authorities, Corporation , Companies, firms,  persons and individuals  including  Tribunals  and arbitrators.

12.         The said  attorney is authorised to sign plaints, written statements, memorandum of appeals, revision of all kinds as attorney of the firm.

13.         The attorney is authorised to appoint  advocate/advocates  to look after  Civil and  Criminal  matters of the firm and appoint tax advocate/advocates to  look after the matters concerning with Sale-tax  and Income tax.

14.         The attorney is authorised to file and get  back  papers  and documents and obtain  refunds  to stamp duty sales-tax and income-tax for an on behalf of the firm.

15.         The said  attorney is authorised to bid and  purchase property  at sales in execution  of decree or court orders.

16.         The attorney is authorised  to take delivery of property or goods  purchased or of money realised  in execution  of decree of the Court or order of any authority.

17.         The said  attorney shall receive  summons and notices of the  Courts and Government departments for and on behalf of the firm.

18.         The attorney shall appoint  Manager, Accountant, typist, Steno, clerks and peons, etc. for the firm on such salaries or remuneration  as    he  thinks  proper and  expedient  in the interest of the firm.

19.          The attorney  is  authorised to suspend  or terminate  any of the employee   of the firm after proper  investigation   of the misconduct  of the employee who is suspended  or terminated.

20.         The attorney shall attend all the meetings  of any firm, association, companies, corporations committees, etc for and on behalf of the firm  and its partners.

21.         Generally  the attorney shall act as General Manager and   over all in-charge of the firm and its affairs and do all the  things  concerning  with the firms in  its best interest.

22.         The firm and its partner agree that all the works  done by the attorney in execution of this duty shall be  binding on firm and its partners.

IN WITNESS WHEREOF,  I have signed this power of attorney in the presence of the following  witnesses:

Witnesses:

1.         ……………                                                    For Singh Automobiles

2.         ……………                                                                Signature

                                                                                                (SD)  Partner