https://www.taxtmi.com/caselaws?id=289730 A mortgage bond signed only by the Secretary and Working Director failed the company's article requiring signatures of the Managing Director, Secretary and Working Director; statutory default vesting of execution in the board meant the articles' signing prescription governed, so two signatures did not satisfy it. The indoor management rule could not protect the mortgagee because the bond and available information put her on constructive notice of the articles' requirement. Consequently the bond was held invalid and not binding on the company; alternative grounds of ratification or equitable charge were not adjudicated on appeal and were not considered. en-us Tue, 16 Jan 1934 00:00:00 +0530 Tue, 18 Aug 2020 15:21:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289730 A mortgage bond signed only by the Secretary and Working Director failed the company's article requiring signatures of the Managing Director, Secretary and Working Director; statutory default vesting of execution in the board meant the articles' signing prescription governed, so two signatures did not satisfy it. The indoor management rule could not protect the mortgagee because the bond and available information put her on constructive notice of the articles' requirement. Consequently the bond was held invalid and not binding on the company; alternative grounds of ratification or equitable charge were not adjudicated on appeal and were not considered. Case-Laws Companies Law Tue, 16 Jan 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289730