A General Power of Attorney (GPA) was executed by the Board of Directors of Abdul Rehman Textiles Limited on 4 December 2023. On 12 March 2024, an authority exercising competent jurisdiction passed an order for the windi

Answer 3(c) Specimen General Power of Attorney KNOW ALL MEN BY THESE PRESENTS: WHEREAS 'ABDUL REHMAN TEXTILES LIMITED' a Company registered under the Companies Act, 2013, and having its registered office at [Registered Office Address] (hereinafter called the "Company"); AND WHEREAS the Company proposes to install plant and machinery through Leasing arrangements; AND WHEREAS it is desirable to authorise Shri [Name of Director] of the Company to negotiate the lease arrangements, finalise and sign the Lease Deeds and other relevant papers for getting machinery for installation at the works of the Company; AND WHEREAS the Board of Directors of the Company vide Resolution No. [Board Resolution Number] passed in their meeting held on [Date of Meeting] have resolved to execute and register a General Power of Attorney in terms of the draft placed before the Board in favour of Shri [Name of Director] of the Company and have authorised Shri [Name of Director] , director, to execute, sign, seal and if necessary register and deliver the said Power of Attorney. NOW THIS POWER OF ATTORNEY WITNESSETH AS FOLLOWS: That the Company hereby appoints Shri [Name of Director] of the Company as its 'Attorney' so long as he is in the services of the Company and notwithstanding any change in his designation to do severally the following acts, deeds or things in the name on behalf of, and at the expenses of the Company: To negotiate with any Leasing Company for leasing arrangements for taking plant and machinery on lease basis for installation at the Works of the Company; To finalise, settle, execute and sign, and where necessary seal Lease Arrangements, other deeds and papers in connection therewith; And generally to do all acts, deeds and things, as may be necessary for the above purpose; And the Company hereby agrees that all acts, deeds or things lawfully done by the said Attorney under the authority of this Power of Attorney hereby given shall be construed as acts, deeds and things done by the Company and the Company undertakes to lawfully do or cause to be done by virtue of the powers hereby given. IN WITNESS WHEREOF this Power of Attorney has been signed and sealed by Shri. [Name of Director] , director, authorised in this behalf vide Board Resolution No. [Board Resolution Number] dated [Date of Resolution] on this [Day] , day of [Month] , 20 [Year] . WITNESSES: [Signature] [Name] [Signature] DIRECTOR It is settled law in the case of a company, the power of attorney executed by the directors ceases to be operative as soon as an order for winding up is made as the directors cease to function [ Fowler v. Broode P.N. Light & Co., (1893) 1 Ch. 724 ]. In view of this, it may be said that the General Power of Attorney executed on 4 December, 2023 ceases to be operative from 12 March, 2024 i.e. when the order of winding up is passed.