Appoint a designated agent to act on behalf of an Indian partnership with this template General Power of Attorney by Partnership to Designated Agent.
The Power of Attorney is given by all of the partners in an Indian partnership, granting the agent the authority and power to act on behalf of the partnership with respect to a variety of matters, including:
- banking and financial powers,
- buying and selling property,
- hiring and firing employees of the partnership,
- borrowing money,
- handling tax and legal matters,
- executing, filing and accepting documents.
This India General Power of Attorney by Partnership to Designated Agent form is provided in MS Word format. It includes instructions on how to complete and execute the form, whether you are an Indian resident or currently living abroad.
POWER OF ATTORNEY BY A PARTNERSHIP FIRM (INDIA) KNOW ALL MEN BY THESE PRESENTS that I, __________________________, partner of the firm M/s _______________________________________________(hereinafter referred to as “the Firm”), authorised by the other partners, do hereby appoint, nominate and constitute for and on behalf of the Firm, Mr. ______________________, as Attorney of the Firm, named to do, execute and transact all such acts, deeds and things as he deems necessary, proper, expedient and conducive to the efficient transaction and carrying on of the business of the Firm. In particular, he is authorised to do, execute and transact the following deeds and matters so long as he remains in the service of the firm: To make all kind of sales and purchases and do all other works concerning loans and advances as deemed necessary and expedient in the interest of the business of the Firm. To draw, accept, negotiate, pay or satisfy bills of exchange, promissory notes, hundies, cheques, and drafts. To place order, retire the documents from the bank, make payments, and receive payments on behalf of the Firm. To conduct, supervise and control all correspondence and dealings involving the Firm, including dealing with Government, Semi-Government Offices, local bodies, firms, companies, and individuals on behalf of the Firm. To demand, collect, and give effectual bona-fide discharge of all debts, hire moneys, advances and other dues and to take, prosecute and use all lawful means for recovery and realisation of the amount of the Firm. To purchase properties, movable and immovable, for and on behalf of the Firm and acquire rights, leases, and licences for and on behalf of the Firm. To sell or otherwise transfer any property, movable or immovable, in the ordinary course of the business of the Firm and in the interest of the Firm. To borrow money from the bank and accept deposits for the purpose of the business of the Firm. To pledge, mortgage, or hypothecate securities, bonds, negotiable instruments, or other assets of the Firm in the interest of the business of the Firm. To look after all matters concerning Sales Tax, Income Tax, Semi-Government Bodies, local authorities, corporations, companies, firms, and individuals, including Tribunals and Arbitrators. To sign plaints, written statements, memoranda of appeal, and revisions of all kinds as Attorney of the Firm. To appoint one or more advocates to look after Civil and Criminal matters of the Firm and to appoint one or more tax advocates to look after Sales Tax and Income Tax matters. To file and receive papers and documents and to obtain refunds to stamp duty Sales Tax and Income Tax for and on behalf of the Firm. To bid on and purchase property at sales in execution of decree or court orders. Signature of Maker -2- To accept delivery of property or goods purchased or of money realised in execution of decree of the Court or order of any authority. To receive summons and notices of the Court and Government departments for and on behalf of the Firm. To appoint managers, accountants, typists, stenographers, clerks, and other employees for the Firm on such salaries or remuneration as he thinks proper and expedient in the interest of the Firm.
Pages to are hidden for
"India General Power of Attorney by Partnership to Designated Agent"Please download to view full document