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Board Resolution Format for Revocation of Power of Attorney

board resolution for revocation of power of attorneyThe principal or the grantor, who has given the power of attorney in favor of the agent or the attorney, has the right to revoke / cancel / terminate the power of attorney so granted. Though in case of irrevocable Power of Attorney the situation is a little different.

In case of a company, the power of attorney granted to one or more officials through a board resolution can be revoked by the passing of a new resolution in the meeting of the board of directors.

Template of such board resolution is as follows —

SAMPLE #1

#. To revoke the power of attorney granted in favour of Mr. ......................
❝RESOLVED THAT the Power of Attorney granted in favour of (Name of the Officer), (Designation) of the company, through the resolution no. .... passed in the ...th meeting of the Board dated .......................... to act on behalf of the company for the purposes mentioned in the said resolution and in the Power of Attorney document executed on .................., be and is hereby revoked, withdrawn and rescinded in all respects with effect from .................

RESOLVED FURTHER THAT the Managing Director and the Company Secretary of the company be and are hereby severally authorized to execute the necessary document(s) for revocation of the said Power of Attorney and to do all such acts, deeds and things as may be necessary to give effect to this resolution.❞

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SAMPLE #2

#. Cancellation of the power of attorney granted in favor of Mr ............................., (Designation)

❝RESOLVED THAT the consent of the Board of Directors of the company be and is hereby accorded for revocation of the 'Power of Attorney' granted in favour of Mr. ........................., (Designation) of the company, by a resolution passed in the meeting of the Board dated ................ to act on behalf of the company for the purposes mentioned in the said resolution and in the Power of Attorney document executed on ..................

FURTHER RESOLVED THAT all the powers and authorities granted to Mr. ........................., (Designation) through the said power of attorney be and is hereby withdrawn and rescinded in all respects with effect from .................

FURTHER RESOLVED THAT the Managing Director of the company be and is hereby authorized to do all such acts, deeds and things as may be necessary to give effect to the foregoing resolution.❞




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Relevant Resolution:

Comments

  1. Anjana Rangan7/20/2018

    Thanks a lot for the format of the board resolution. I failed to find it in other websites. Good template anyway.

    ReplyDelete
  2. Swagat Behera1/27/2019

    thank you

    ReplyDelete

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