Irrevocable Power Of Attorney - Legal Draft

Know All Men by These

Presents That We/ M/sa public/private ltd. Company incorporated under the

Companies Act, (1 of 1956) with its registered office at.through

Shri.authorised by the Board of Directors of the Company vide Resolution

dated or Constituted as a Sole/Proprietor ship Concern /Firm under the Indian

Partnership Act, 1932 with its principal place of business at.through its

partners/Namely Shri..having executed in favour of the Uttar Pradesh

Financial Corporation a Statutory body incorporated under the State Financial

Corporation an agreement a deed of hypothecation for

Rs..Rupees..only and secured the repayment thereof by deposit of

the Corporation empowering the corporation to execute a deed of mortgage in the

form of an English Mortgage and have the same registered at the cost of the

Company /Firm Concern if and wherever the Corporation find it advisable to do

so during the pendency of the liability of the company firm concern to the

corporation. Do hereby appoint the Corporation to be its attorney for its and

in its name and on its behalf for otherwise for the Company/Firm/Concern for

the purpose hereinafter mentioned.To execute a mortgage

in the form know as English Mortgage of the whole of the assets of the

company/firm sole proprietor including and building machinery a electric

fittings both present and future in favour of the corporation on terms and

condition contained in the agreement and deed of hypothecation.To sign the said deed

of mortgage for and behalf of the Company/Firm concern and to have it

registered with proper registering authority by admitting its execution and

passing of consideration on behalf of the company/firm/concern and for the

company/firm/concern.And also execute and

to do all such other acts and things as our said attorney shall deem fit for

the purpose of securing the said repayment of the loan by the company /firm

concern aforesaid.To perform and obtain

the Income-tax clearance certificate under Section 230-A (I) of Income-tax Act,

for and on behalf of the borrower.To apply and obtain

the necessary permission/exemption under Urban Land Ceiling and Regulation Act,

1976 for and on behalf of the borrower, if necessary.To perform the above

functions either through himself for through lawfully constituted authority.And the

company/firm/concern hereby do agree to ratify and confirm whatever its said

attorney shall do here under.IN WITNESS WHEREOF,

I/WEhave hereunto set my/our hand(s) this.day of..in the year

...(.)(.)SignatureTHIS POWER OF

ATTORNEY was this..day of produced and executed before me and the within

named.who is ./are known to me has/have acknowledged it to be their/his act

and execution.SIGNATURE AND SEAL OFTHE PUBLIC NOTARY