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Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Guidelines for Drafting Power of Attorney by the Promoters of the Company for Submission of Memorandum and Articles of Association Before the Registrar of Companies:
A Power of Attorney (POA) by company promoters for the submission of Memorandum and Articles of Association is used in the context of incorporating a company. This legal document empowers designated individuals to represent the company promoters in submitting essential documents to the Registrar of Companies, streamlining the registration process.
Key Points to Include:
Specific Authority: Clearly specify that the POA is for submitting the Memorandum and Articles of Association to the Registrar of Companies.
Identification of Promoters: Clearly name and identify the promoters granting the authority, including their roles in the company.
Document Details: Provide accurate details of the documents being submitted, including the intended company name and other relevant particulars.
Effective Date and Duration: Clearly state when the POA becomes effective and specify the duration for which it remains valid.
Common Mistakes to Avoid:
Incomplete Document Details: Ensure all relevant details about the Memorandum and Articles of Association are accurately provided to avoid delays or complications.
Vague Language: Use precise language to prevent ambiguity in the authority granted, reducing the risk of misunderstandings.
Ignoring Notarization: Depending on jurisdiction, notarization may be required for the document's validity. Neglecting this step can affect its legal standing.
Failure to Coordinate: Promoters should coordinate and mutually agree on the terms of the POA to avoid conflicts and ensure a smooth submission process.
Consult legal professionals to customize the Power of Attorney according to local laws and the specific requirements of the company incorporation process. Regularly review and update the document as needed.
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