Frnds,
Pls tell me, to authorise a person to sign on a rent agreement on behalf of the company, is a board resolution is required or POA is required.
Its urgent, pls reply.
Regds,
Shridhi jain
8 Replies
Jayashree S Iyer
(Company Secretary)
(3224 Points)
Replied 15 December 2010
Board Resolution is sufficient. No need for POA.
However some Govt Depts insist for POA in which case specific POA may be issued.
Regards,
Jayashree
Venkateswara Rao Sapare
(Accountant)
(1500 Points)
Replied 15 December 2010
Dear Shridhi Jain.
Yes Board Resolution is required.
Even for the subject transaction purpose, one can not go for POA, which also is an outcome after a Board Resolution.
Niki Shingade
(Company Secretary)
(83 Points)
Replied 15 December 2010
Hello Friend,
A BR is a must. However, even if the government authorities insist for a POA, it is only subsequent to a BR.
Raghunath Prasad
(WORKING)
(385 Points)
Replied 15 December 2010
Board Resolution is sufficient. No need for POA
CA SUMIT LAL
(PROPRIETOR)
(83 Points)
Replied 15 December 2010
Board Resloution in itself is POA in favor of the person duly so authorised as per the provisions of Companied Act..
No need to follow any other act.
Rajeev kumar Nayak
(ACS)
(283 Points)
Replied 15 December 2010
BR is sufficient, no need of any POA.
Rajeev
Sonia M Ketkar
(B.com CA DISA(ICA) Pursuing CS)
(625 Points)
Replied 15 December 2010
Board Resolution is sufficient. Once it is passed it authorises the person to sign the rent agreement.
CA Tushar kabra
(B.com CA.Final student)
(42 Points)
Replied 20 December 2010
Board Resolution is sufficient
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