The company has to authorize its director to be the signatory of the company. The company in the board resolution authorize any director to be a signatory for such company. For different purpose different director can be authorize. As such there are no specific conditions. It usually depends on the skills, qualifications, knowledge, experience possessed by the director and type of authority. A company can also give the Power of Attorney to any director to sign any contract or agreement on behalf of the company.
LegalWiz.in with a team of Lawyer’s, Company Secretary’s and Chartered Accountants is here to draft such resolutions or agreement or Power of Attorney.