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Experts Exchange

Board of directors resution to sell a property

Posted by VINOTHKANNA

Dears,

We are in process of a land purchase. We have a query in Legal verification. The land was sold by a pvt limited company to another private limited company in 2017. A person (Not a signatory authority of the company) from the seller company has signed in the sale deed, however, he has not given a GPOA, rather he was given only authority to sell the property as a Board of Directors resolution. Also the BOD resolution is Not a form part of the registration document.

Questions here are
1., is BOD resolution document is enough to sell the land by a person who is not a signatory authority?
2. If yes, should it be a form part of the registration document?

Thanks
Vinoth

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Updated on : 17/11/2019 03:00:04





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