5. Section 36A shall apply as if—
(a)at the end of subsection (2) there were inserted—
“, or if it is executed in any manner permitted by the laws of the territory in which the company is incorporated for the execution of documents by such a company.”,
(b)for subsection (4) there were substituted—
“(4) A document which—
(a)is signed by a person or persons who, in accordance with the laws of the territory in which the company is incorporated, is or are acting under the authority (express or implied) of that company, and
(b)is expressed (in whatever form of words) to be executed by the company,
has the same effect in relation to that company as it would have in relation to a company incorporated in England and Wales if executed under the common seal of a company so incorporated.”, and
(c)in subsection (6) for the words from “a director” to “directors of the company” there were substituted “a person or persons who, in accordance with the laws of the territory in which the company is incorporated, is or are acting under the authority (express or implied) of that company”.