Company authorisation formalities clarified: where no common seal, authorisation may be by two directors or director and Company Secretary. The amendment clarifies execution procedures when a company has no common seal by substituting 'under its common seal, if any,' and adding a proviso that authorisation may be made by two directors or by a director and the Company Secretary where appointed; it also omits the prior wording that certain acts would have the effect of being made under the common seal.
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Provisions expressly mentioned in the judgment/order text.
Company authorisation formalities clarified: where no common seal, authorisation may be by two directors or director and Company Secretary.
The amendment clarifies execution procedures when a company has no common seal by substituting "under its common seal, if any," and adding a proviso that authorisation may be made by two directors or by a director and the Company Secretary where appointed; it also omits the prior wording that certain acts would have the effect of being made under the common seal.
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