Laws and Bare Acts of India at

MyNation Foundation Online Law Library

Section 47 – The Companies Act,1956

The Companies Act, 1956

47. Bills of exchange and promissory notes.

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 drawn, accepted, made, or endorsed in the name of, or on behalf or on account of, the company by any person acting under its authority, express or implied.

Previous | Next

The Companies Act, 1956

Indian Laws – Bare Acts


Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2018 Laws and Bare Acts of India at