Document background
The Board Resolution For Power of Attorney is a crucial corporate instrument used when a company needs to delegate authority to specific individuals to act on its behalf. This document is particularly relevant in Pakistan where companies often need to authorize representatives to handle various business affairs, from routine operations to specific transactions. The resolution must comply with the Companies Act 2017 and the Powers of Attorney Act 1882, requiring formal board approval and proper documentation of the granted powers. It typically becomes necessary when companies expand operations, require representatives in different locations, or need specific individuals to handle specialized transactions. The document details the scope of authority, limitations, duration, and specific powers granted to the attorney, ensuring clear guidelines for representation while protecting the company's interests.
