{"id":79911,"date":"2023-11-13T16:07:45","date_gmt":"2023-11-13T10:37:45","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?post_type=act&#038;p=79911"},"modified":"2023-11-13T16:07:47","modified_gmt":"2023-11-13T10:37:47","slug":"section-22","status":"publish","type":"act","link":"https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-22\/","title":{"rendered":"Section 22. Execution Of Bills Of Exchange, Etc"},"content":{"rendered":"\n<p>(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.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(2) A company may, by writing\u00a0<span id='easy-footnote-1-79911' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-22\/#easy-footnote-bottom-1-79911' title=' Subs. by Act 21 of 2015, s. 6, for &amp;#8220;under its common seal&amp;#8221; (w.e.f. 29-5-2015).'><sup>1<\/sup><\/a><\/span>[under its common seal, if any,] 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:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><span id='easy-footnote-2-79911' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-22\/#easy-footnote-bottom-2-79911' title='The proviso inserted by s. 6, ibid. (w.e.f. 29-5-2015).'><sup>2<\/sup><\/a><\/span>[Provided that in case a company does not have a common seal, the authorisation under this subsection shall be made by two directors or by a director and the Company Secretary, wherever the company has appointed a Company Secretary.]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>(3) A deed signed by such an attorney on behalf of the company and under his seal shall bind the company\u00a0<span id='easy-footnote-3-79911' class='easy-footnote-margin-adjust'><\/span><span class='easy-footnote'><a href='https:\/\/enterslice.com\/learning\/act\/companies-act-2013\/section-22\/#easy-footnote-bottom-3-79911' title='The words &amp;#8220;and have the effect as if it were made under its common seal&amp;#8221; omitted by s. 6, ibid. (w.e.f. 29-5-2015).'><sup>3<\/sup><\/a><\/span>***.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>(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. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":79763,"parent":79755,"menu_order":0,"template":"","format":"standard","meta":[],"categories":[11445],"tags":[1007],"acf":{"service_id":"215"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 22. 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