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SALE DEED BY THE REPRESENTATIVE OF A REAL ESTSTE COMPANY
2 months ago
A Real estate company authorized its employee to sign the Sale Deeds on behalf of the Managing Director. Are these registrations valid as per law?
A.Dear Client,
Indeed, a real estate company incorporated under the Companies Act, 2013 is mandated to file a certified copy of the Board Resolution, specifically the resolution passed by the Board of Directors. This resolution serves to authorize an employee of the company to represent the organization in the execution of any documents or deeds before the registering authority. This document is legally valid and admissible under the law.
Consequently, the registration of a sale deed based on such a valid and authorized resolution is legally sound. It ensures that the individual representing the company has the proper authority to act on its behalf in the execution of legal documents, providing a secure and recognized basis for property transactions.
Indeed, a real estate company incorporated under the Companies Act, 2013 is mandated to file a certified copy of the Board Resolution, specifically the resolution passed by the Board of Directors. This resolution serves to authorize an employee of the company to represent the organization in the execution of any documents or deeds before the registering authority. This document is legally valid and admissible under the law.
Consequently, the registration of a sale deed based on such a valid and authorized resolution is legally sound. It ensures that the individual representing the company has the proper authority to act on its behalf in the execution of legal documents, providing a secure and recognized basis for property transactions.
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A.Dear Sir,
They must be resolution if it is a registered private or public limited company otherwise there must be Special Power of Attorney in favour of such employee.
They must be resolution if it is a registered private or public limited company otherwise there must be Special Power of Attorney in favour of such employee.
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A.Dear Client,
A real estate company incorporated under the Companies Act, 2013 is required to file a certified copy of the Board Resolution,i.e, the Board of Directors resolution, authorizing an employee of the Company to represent the company in the execution of any documents/deeds before the registering authority which is a legal and valid document admissible under law. So, registration of any sale deed based on said authorization is legally valid under the law.
A real estate company incorporated under the Companies Act, 2013 is required to file a certified copy of the Board Resolution,i.e, the Board of Directors resolution, authorizing an employee of the Company to represent the company in the execution of any documents/deeds before the registering authority which is a legal and valid document admissible under law. So, registration of any sale deed based on said authorization is legally valid under the law.
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