Excellent Corporation Ltd. incorporated under the Companies Act, 2013 purchased an independent house comprising two floors in Gurgaon in the state of Haryana for a sum of ₹3.5 crore for providing company accommodation to
CS Professional · Drafting, Appearances and Pleadings · PYQS · December 2015
Excellent Corporation Ltd. incorporated under the Companies Act, 2013 purchased an independent house comprising two floors in Gurgaon in the state of Haryana for a sum of ₹3.5 crore for providing company accommodation to Dinesh, Company Secretary on the first floor and it was decided that the company shall have its guest house at ground floor. For facilitating its registration, Mrs. Kiran, the Chairman-cum-Managing Director executed the following special power of attorney: 'By this power of attorney, I, Kiran, Chairman, Excellent Corporation Ltd., do hereby appoint and authorise Dinesh to be my agent and authority for the purposes of executing registration of the property purchased by the company from Antarctic Builders Ltd. on this 15th day of September, 2015.' For and on behalf of Excellent Corporation Ltd. Sd/- Kiran Chairman On presentation of this document, the Registrar refused to complete the registration procedure stating that the power of attorney is void. In light of the above answer the following: Draft a power of attorney as you would have been the Company Secretary.
Answer & Explanation:
Specific Power of attorney to be presented to execute registration of property BY THIS POWER OF ATTORNEY I KIRAN CHAIRMAN of Excellent Corporation Limited do hereby appoint Mr. Dinesh company secretary of the Company, my attorney for me and on my behalf to appear for and represent me before the Registrar of Gurgaon, Haryana of all times as may be necessary and to present before him for Registration the Title Deed dated ....day of ......and to do any Act, deed or thing as may be necessary to complete the registration of the said deed in the manner provided by law and when it has been returned to him after being duly registered, to give proper receipt and discharge for the same. And I Kiran the Chairman of Excellent Corporation Limited, do hereby agree and declare that all acts, deeds and things done, executed or performed by the said Mr. Dinesh shall be valid and binding on me to all intents and purposes as if done by me personally which I undertake to ratify and confirm whenever required. Signed, sealed and delivered Kiran, Chairman of Excellent Corporation Limited Witness Dated 15th September, 2015
Topics: Drafting of Deeds and Documents
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