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of <h1>Company-issued bills of exchange and deeds: execution by authorised agents/attorneys without common seal, binding the company</h1> A bill of exchange, hundi or promissory note is deemed to be made, accepted, drawn or endorsed on behalf of a company where it is executed in the company's name or on its behalf or account by a person acting under the company's express or implied authority, thereby attributing the instrument to the company. A company may authorise any person in writing, generally or for specified matters, as its attorney to execute deeds on its behalf in or outside India; where the company has no common seal, the authorisation must be made by two directors or by a director and the Company Secretary (if appointed), thereby enabling valid execution without a seal. A deed signed by the attorney on the company's behalf and under the attorney's seal binds the company.
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