https://www.taxtmi.com/caselaws?id=289730 A company instrument executed contrary to mandatory execution requirements in its articles is not binding on the company. The articles required the mortgage bond to be signed by the Managing Director, the Secretary and the Working Director, but it was signed only by two officers. The court held that a person dealing with the company is taken to have constructive notice of the articles, and cannot rely on a vague recital of authority where the defect is apparent on the face of the document. The mortgage bond was therefore invalid and unenforceable against the company, and enforcement of the bond failed. 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 company instrument executed contrary to mandatory execution requirements in its articles is not binding on the company. The articles required the mortgage bond to be signed by the Managing Director, the Secretary and the Working Director, but it was signed only by two officers. The court held that a person dealing with the company is taken to have constructive notice of the articles, and cannot rely on a vague recital of authority where the defect is apparent on the face of the document. The mortgage bond was therefore invalid and unenforceable against the company, and enforcement of the bond failed. Case-Laws Companies Law Tue, 16 Jan 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289730