Whether power of attorney to be taken

srinivas (Querist) 01 July 2016 This query is : Resolved
we flaot tenders for obtaining various services/supplies. to ensure that bid is signed by the competent person pl advice 1) whether we haveto ask party to submit power of attorney on stamp paper issued to the person signing the bid and whether it has to be notarised 2) whether ltr of authorisation on company letter head will serve the purpose.
3) whether any partner can sign or authorise the person signing the bid or it can be from one partner who has been authorised by the other partners
4)incase of pvt ltd or ltd companies whether authorisation has to be from managing director

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adv.bharat @ PUNE (Expert) 01 July 2016
In order to save future financial losses from the supplier it is required to take registered POA from the supplier.

adv. rajeev ( rajoo ) (Expert) 01 July 2016
I do agree with Adv. Bharat, but POA should be regd., in case of alienation of properties

srinivas (Querist) 02 July 2016
whether simple ltr of authorisation given by the propreitor,managing pertner or Md of the company will not suffice.
i have not got answer to my other queries

Devajyoti Barman (Expert) 02 July 2016
You have to prepare a separate list of requirement for applying correctly the tender notice.
there in you can mention the details of proof of competence of the applicant.

Rajendra K Goyal (Expert) 02 July 2016
Are you a government department?

Discuss / get clarification / guidance in writing from your legal cell / department.

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