1(1)Section 38 of the [1985 c. 6.] 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.”.