Law

Himanshu Somani

Sec 22 is not just for BOE and promissory notes it applies to other related deeds( like partnership) as well and in this case sec 22 is used as a deed shall bind the company only when it is signed by the attorney on behalf of Company AND Under the Company Seal. Here mr parag has signed the partnership deed with the contractor but nothing is mentioned about the company seal ( or signed by two directors or one director and a company secretary) so company will not be liable for any consequences after that as company has no knowledge about this deed.

Himanshu Somani

Sec 22 is not just for BOE and promissory notes it applies to other related deeds( like partnership) as well and in this case sec 22 is used as a deed shall bind the company only when it is signed by the attorney on behalf of Company AND Under the Company Seal. Here mr parag has signed the partnership deed with the contractor but nothing is mentioned about the company seal ( or signed by two directors or one director and a company secretary) so company will not be liable for any consequences after that as company has no knowledge about this deed.

Sahibdeep Singh

Good answer Himanshu. Priyanka, suggesting to revisit the video for this section again. We recently added some explanation to it. Thank you. Happy studying!