law: Companies Act, 2013 
  22.
  
    Execution
  
  of bills of exchange, etc.
  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 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.
  3.      A deed signed by such
  
  an attorney on behalf of the company and under his seal shall bind the company
  
  and have the effect as if it were made under its common seal.