Board ResolutionBoardSection 179(3)Power of Attorney Act, 1882

Grant of Power of Attorney

All companies. The Board may authorise any person to act as attorney for the Company by granting a Power of Attorney. Specific PoA may be granted for limited purposes; General PoA is broader.

Lenders want security. Regulators want a paper trail. This gets you both. Section 22, Companies Act 2013 (CORRECTED via drafting book, Sprint 2) is what makes this enforceable against third parties. Concretely: company may empower any person, generally or for specified matters, as its attorney under Sec 22. No templates, no guesswork — Fi CTC Generator drafts this correctly in about 3 minutes.

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