Legal Question in Business Law in India

Re: Power of attorney by a Mg. Director

No its not possible that POA can execute any kind of power.

Re: Power of attorney by a Mg. Director

no

Re: Power of attorney by a Mg. Director

No.POA holder can not continue to exercise the power.

Re: Power of attorney by a Mg. Director

A power of attorney alleged to have been issued under the authority granted by the Company shall be deemed to be legal, valid and binding only when it has been approved and executed under the power conferred by the resolution passed at the meeting of board of directors of the Company and issued under the common seal of the company. The power of attorney issued by the MD in this case does not bind the company for any acts or deeds committed by the attorney holder.

Further, MD can delegate his authority and power (conferred on him on being an MD) to some other person only if he is authorised by the company to do so or the articles of association or the agreement of his appointment as MD give him such power.