The National Agency of Public Registry (NAPR) handles company registration in Georgia. For registration, corporate representation must be consistent with the appointed management members and the articles of association. Under individual representation, a registered person may represent the company alone. Under joint representation, the designated persons must act together. The rules should clearly identify who is authorized to represent the company and in what combination they may act. If there are several directors, uniform or different representation powers may be provided for, as long as the chosen company form and the articles of association allow this. Vague wording, such as an unspecified requirement for joint signing, makes clear registration more difficult. Corporate representation must be distinguished from a power of attorney: it derives from a person’s position in the company’s governing body, whereas a power of attorney grants another person specific powers. Names, roles, and the type of representation must be stated consistently in the registration application, appointment documents, and articles of association.
Corporate Representation Rules for NAPR Company Registration in Georgia
The corporate representation rules establish which members of a company’s management may represent the company externally in Georgia. If several people are authorized to represent the company, it must be clearly specified whether they may act individually or must act jointly.
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