Execution of bills by company agents: instruments and attorney-signed deeds bind the company when authorised under its seal. A company is bound by a bill of exchange, hundi or promissory note made, accepted, drawn or endorsed in its name or on its behalf by a person acting under its express or implied authority; the company may authorise an attorney by writing under its common seal to execute deeds domestically or abroad, and a deed signed by that attorney under the attorney's seal binds the company as if executed under the company's common seal.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Execution of bills by company agents: instruments and attorney-signed deeds bind the company when authorised under its seal.
A company is bound by a bill of exchange, hundi or promissory note made, accepted, drawn or endorsed in its name or on its behalf by a person acting under its express or implied authority; the company may authorise an attorney by writing under its common seal to execute deeds domestically or abroad, and a deed signed by that attorney under the attorney's seal binds the company as if executed under the company's common seal.
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