Legal Question in Credit and Debt Law in India
Commercial office portion lease for 3 years
Is there no need for the name and addressof the person who represents the company in the agreement or only the name of the company located in another state?
2 Answers from Attorneys
Re: Commercial office portion lease for 3 years
The person should have a registered Power of Attorney from the company. There is no need to have the address of the perosn who represents the company.
Re: Commercial office portion lease for 3 years
The company should be represented by an authorised person - the authority should emanate either from the Memorandum of Articles & Association OR from a Resolution passed by the Board of Directors.
The company cannot execute an agreement without being represented by an official/Director.
The person who signs the agreement should be identifiable on record.
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