To authorise Managing Director to issue Power of Attorney for ............ purpose. 1. To execute an agreement with all the clients for the .................. services of the company; 2. To negotiate and finalize the commercials for the said .................... services; 3.
A power of attorney (POA) (also known as letter of attorney) is a written legal document wherein authorization is given to represent or to act on behalf of an individual or an organisation for a specific purpose or broad purposes.
The person authorizing the other to act is called as the 'principal' or 'grantor' or 'donor'. The one authorized to act is known as the 'agent' or 'attorney' or 'attorney-in-fact'. The board of directors of a company may pass a resolution granting one or more official general or specific power of attorney. "RESOLVED THAT the Managing Director of ...