Power-of-Attorney by partnership to run Business by Managing Partner

THIS POWER-OF-ATTORNEY is executed on this the ….….…… day of ……………, 20….. by M/s. …………………….., a partnership firm registered under the Partnership Act (hereinafter referred to as ‘the firm’) constituted by Mrs. …………………, wife of Sri ………………………………………, residing in ……………………………. and Sri …………..…………………, son of late ……………………………………., residing in ………………………………………….…………. and having its Registered Office in ………………………………………….., in favour of Sri …………………………, the Managing Partner of the firm, its Attorney in its name and on its behalf to execute or do all or any of the acts, deeds or things hereinafter mentioned:-

1. To represent the firm before any concern authorites, all Municipal bodies, Corporations, Improvement Trusts, Railways, Airways, Roadways, Travel agents, Chambers of Commerce and Industry, Controller of Patents, Collectorate, Treasury or Revenue Offices, Settlement Officer. 

2. To appear before any Magistrate and in all civil, criminal, original or appellate, revisional or special jurisdiction including jurisdiction of any High Court, under Article 226 of the Constitution of India before any Tribunal or Arbitrators or judicial authority, Gift Tax, Wealth Tax, Sales Tax and other authorities and in all other Government or Semi-Government Offices and Departments and to do all acts and things that may be required or necessary in connection therewith.

3. To  represent the firm to all intents and purposes in and outside India in connection with its business and all affairs ancillary or incidental thereto and to sign jointly and/or severally all contracts and orders and other documents, letters, receipts, papers and writings whatsoever and to conclude all bargains and deals, to accept all estimates, tenders, quotations etc., to settle all disputes and differences in connection with its said trade or business, and affairs ancillary or incidental thereto.

4. To ask for, demand, recover, receive and collect all moneys due and payable to the said firm in connection with its said business from any person or persons, company or association including any statutory body or authority, government or semi-government concern or concerns including insurance claims, compensation and damages against Railways, Roadways etc. and to give good and valid receipts and discharges therefrom.
 
5. To acquire, sell or dispose of goods and stocks-in-trade for cash or on credit for the purpose of carrying the business of the firm.

6. To apply for, obtain and renew all licences, permits, etc. as may be necessary or requisite for the purpose of carrying on or developing the trade or business.

7. To prepare, sign and submit all Returns and Statements e.g. Income-tax and Sales-tax Returns, Declarations and verify the same by production of books and vouchers and other documentary evidence. 

8. To appoint and dismiss or discharge any staff, agent, broker, menials, durwan and other menials and settle and pay their remuneration and fix up their conditions of service. 

9. To settle, compromise, compound, any debt or claim whether in favour or against the firm.

10. To open any one or more Banking account or accounts in the name and on behalf of the said firm in any one or more Bank or Banks, to deposit and withdraw money and fully operate the account.

11. To accept bills and money orders, cheques, Bank drafts, payment orders or others securities for money drawn in favour of the said firm and to negotiate cash-credit and collect the proceeds thereof through the said account or accounts.

12. To apply for and obtain overdraft or overdrafts on behalf of the firm from any such Bank or Banks against such securities of its said trade or business or estate as he shall think fit and proper.

13. To sell, purchase, pledge, raise money or convert into money or securities for money and transfer and/or exchange and/or otherwise deal in all shares, stocks, and other securities, marketable or non-marketable, cheques, bills, drafts, hundis, and promissory notes and investments through authorised brokers or otherwise and to raise loan by pledge or hypothecation of the same.   

We do hereby declare that all Acts, Deeds and things legally done or executed by the said attorney shall be deemed to be act, deeds and things done by us. We also bind ourself to certify and confirm all and whatever is done or lawfully caused to be done for us on account of power given by this presents. 

IN WITNESS WHEREOF, signed by us, this,………………….. day of………… 20…. 

Signed and delivered in the presence of  

Witnesses :-								1. …………
 
1.                                           						2………….
 
2.									Partners

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