§ 1.—(1) Section 38 of the Companies Act 1985 (execution of deeds abroad) is amended as follows.
§ (2) In subsection (1) (appointment of attorney to execute deeds), after "A company may" insert "under the law of England and Wales".
§
(3) For subsection (2) (effect of deed executed by attorney) substitute—
(2) A deed executed by such an attorney on behalf of the company has the same effect as if it were executed under the company's common seal.".