3(1)The Holding Company may act notwithstanding a vacancy among the directors.N.I.
(2)The procedure of the Holding Company shall be such as the Company may determine.
(3)The Holding Company shall have a common seal, and the application of that seal shall be authenticated by the signatures of the chairman or some other director of the Company authorised by the Company to authenticate the application thereof, and of the secretary of the Company or some person authorised by the Company to act in his stead in that behalf.
The Holding Company may authorise a person to act instead of the secretary under this paragraph whether or not the secretary is absent or incapable of acting and such authorisation shall be recorded in the minutes of the meeting at which such authorisation was made.
(4)Every document purporting to be an instrument issued by the Holding Company and to be sealed as aforesaid, or to be signed on behalf of the Company, shall be received in evidence and be deemed to be such an instrument without further proof unless the contrary is shown.