Chartered Accountants · Kolkata · Since 2007 +91 98305 33138gaurav@ggoenka.com

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.

Reference copy from the firm’s resource library, saved on 26 October 2026. Laws, rates and notifications change — for the current position on your matter, please talk to us. Back to the Knowledge Bank.