39 Powers of attorney

(1) Subject to its memorandum and articles, a company may by an instrument

in writing appoint a person as its attorney either generally or in relation to
a specific matter.

(2) An act of an attorney appointed under subsection (1) in accordance with
the instrument under which he was appointed binds the company.

(3) An instrument appointing an attorney under subsection (1) may either be
—

(a) executed as a deed; or

(b) signed by a person acting under the express or implied authority
of the company.