(1) A bill of exchange, hundi or promissory note shall be deemed to have been made, accepted, drawn or endorsed on behalf of a if made, accepted, drawn, or endorsed in the name of, or on behalf of or on account of, the company by any person acting under its authority, express or implied.
(2) A company may, by writing under its common seal , authorise any person, either generally or in respect of any specified matters, as its attorney to execute other deeds on its behalf in any place either in or outside India.
Enforcement Notification S.O. 1440(E) dated 29/05/2016
Enforcement notification S.O.2754 (E) dated 12/09/2013
The Companies (Amendment) Act,2015