General Power of Attorney to a Manager by the Proprietor of a Firm by Shiva.

General Power of Attorney to a Manager by
the Proprietor of a Firm

BE IT KNOWN TO ALL BY THIS GENERAL POWER OF ATTORNEY as follows:

WHEREAS I, A. B., aged about . . . . . . . . . years, son of . . . . . . . . , resident of . . . . . . . . ., am running a business under the name and style of ‘‘. . . . . . . . .’’, which said firm has several branches including the one at . . . . . . . . . ;

AND WHEREAS by a deed of agreement executed between me as sole proprietor of the said firm and C. D., aged . . . . . . . . . years, son of . . . . . . . . ., resident of . . . . . . . . ., of even date, I have appointed the said C. D., manager of my said branch at . . . . . . . . ;

AND WHEREAS it is necessary for the efficient working of the said firm that certain powers be conferred on the said C. D. to be exercised by him during the period of his service with me.

NOW THEREFORE THIS DEED WITNESSES :

1. That I hereby appoint the said C. D. my lawful attorney for me, in my name and on my behalf to exercise during the period of his service any or all the powers hereinafter enumerated.

2. To execute and sign in my name and on my behalf for the said branch of ‘‘. . . . . . . . .’’ at . . . . . . . . ., any document, letter or deed in respect of the same; that is to carry on the business which is being run under the style and trade name of the ‘‘. . . . . . . . .’’ in the town of . . . . . . . .

3. To appoint agents, employees, workmen or other persons and to remove them as and when necessary or expedient and to pay them such remuneration, wages, bonus or other emoluments as are usual or customary or necessary for the efficient running of the said business and to appoint sub-agents, stockists or distributors on such terms as may be necessary at such place or places as my said attorney may consider fit.

4. To file suits or defend them in any court, civil or criminal, original or appellate. To appear and act in all such courts and sign and file plaints, written statements, applications etcetera and to verify the same. To appear and act in any office or before any taxing authority and for such and other purpose or purposes to file any application, appeal or to appoint any advocate, pleader, attorney or agent.

5. To bid at any auction or sale and to purchase property, stock-in-trade or other goods for the business and with my approval to make contracts for acquisition of stocks in respect of the said business and to dispose of the same in part or in whole.

6. To open and operate banking accounts in any bank or banks approved by me and to sign, endorse and retire any cheque, hundi or bill of exchange on behalf of and in the name of the said business:

PROVIDED always that the aforesaid powers shall not extend to the winding up of the business or the abandonment thereof without my express consent in writing previously obtained in this behalf:

PROVIDED ALSO the said attorney shall keep or cause to be kept true and regular accounts and shall furnish me quarterly returns and all closing credit balances each month shall be regularly remitted to me or to such of my bankers as I may name.

AND I DO HEREBY AGREE to confirm and ratify all and every act, deed or thing done by virtue of these presents, my said attorney or any agent or substitute appointed by him.

AND I DECLARE that all acts, deeds and things done, executed or performed under or by virtue of these presents by my said attorney shall be binding on me as if the same were done, executed or performed by me personally.

IN WITNESS whereof I, the said A. B., have hereto signed at . . . . . . . . . the . . . . . . . . . day of . . . . . . . . . in the year 20 . . . . . .

Witness:                                                                       Sd. A.B.,

Executant.