Lease Agreement
This query is : Resolved
07 July 2020
SIR
A Steel manufacturing company leased its plant and machinery for a period of five years by the lease agreement to another company for the purpose of manufacturing in Namakkal.
To register the lease agreement in sub-registrar office, directors of both the companies should sign the document in sub-registrar office.
Unfortunately,one of the director who resides in Chennai, is not able to come to the sub- registrar office, Namakkal as covid-19.
At this time, Can that director appoint his manager who resides in namakkal to sign at the time of registration?
Thanks in adv
A Steel manufacturing company leased its plant and machinery for a period of five years by the lease agreement to another company for the purpose of manufacturing in Namakkal.
To register the lease agreement in sub-registrar office, directors of both the companies should sign the document in sub-registrar office.
Unfortunately,one of the director who resides in Chennai, is not able to come to the sub- registrar office, Namakkal as covid-19.
At this time, Can that director appoint his manager who resides in namakkal to sign at the time of registration?
Thanks in adv
07 July 2020
Through power of attorney the manager can sign.
08 July 2020
IN CASE OF A COMPANY, COPY OF BOARD RESOLUTION IS ALSO REQUIRED IN WHICH BOARD AUTH. THE MANAGER TO SIGN THE PAPERS RELATED THERETO.
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