Section 62, The Companies Act, 2009

(1) A bill of exchange or promissory note shall be deemedto have been made, accepted, or endorsed if made, or by or on account of a company. (2) The company and its successor shall be bound thereby if the company is in accordance with section 53, liable for the acts of those who made, accepted or endorsed it in its name or on its behalf or account, and the signature by the director or the secretary on behalf of the company shall be deemed to be a signature by procuration for the purposes of section 25 of the Bills of Exchange