Companies Act, 1956
Sec 48 -
Execution of deeds.
(1) A company may, by writing under its common
seal, empower any person, either generally or in respect of any specified
matters, as its attorney, to execute deeds on its behalf in any place either in
or outside India.
(2) A deed signed by such an attorney on
behalf of the company and under his seal where sealing is required, shall bind
the company and have the same effect as if it were under its common seal.