Irrevocable Power Of Attorney

Updated atMarch 2010

KNOW ALL MEN BY THESE PRESENTS THAT WE/ M/s________a public/private ltd. Company incorporated under the Companies Act, (1 of 1956) with its registered office at___________ through Mr. ________________ authorised by the Board of Directors of the Company vide Resolution dated or Constituted as a Sole/Proprietor ship Concern /Firm under the Indian Partnership Act, 1932 with its principal place of business at____________ through its partners/namely Mr.____________ having executed in favour of the Maharashtra Financial Corporation a Statutory body incorporated under the State Financial Corporation an agreement a deed of hypothecation for Rupees __________only and secured the repayment thereof by deposit of the Corporation empowering the corporation to execute a deed of mortgage in the form of an English Mortgage and have the same registered at the cost of the Company /Firm Concern if and wherever the Corporation find it advisable to do so during the pendency of the liability of the company firm concern to the corporation. Do hereby appoint the Corporation to be its attorney for its and in its name and on its behalf for otherwise for the Company/Firm/Concern for the purpose hereinafter mentioned.

To execute a mortgage in the form know as English Mortgage of the whole of the assets of the company/firm sole proprietor including and building machinery a electric fittings both present and future in favour of the corporation on terms and condition contained in the agreement and deed of hypothecation.

To sign the said deed of...

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