(1) A bill of exchange, hundi or promissory note shall be deemed to have been made, accepted, drawn or endorsed on behalf of a company 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 Subs. by Act 21 of 2015, s. 6, for "under its common seal" (w.e.f. 29-5-2015). 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: The proviso inserted by s. 6, ibid. (w.e.f. 29-5-2015). (3) A deed signed by such an attorney on behalf of the company and under his seal shall bind the company The words "and have the effect as if it were made under its common seal" omitted by s. 6, ibid. (w.e.f. 29-5-2015).***.