Common seal

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2014 Dear Expert

What is the difference between Rubber stamp and Common Seal?

Can i use round rubber stamp as common seal as well for private companies or common seal is altoghther different??

Thanks in advance

SHAKTI JINDAL

SHAKTI JINDAL (Expert)
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17 April 2014 Rubber stamp is usually made of rubber and common seal is an advanced version, made of metal, which is affixed by embossing. It is not defined in the Companies Act, 2013 but in the Secretarial Standard - 8. Hence, this seal is different and is used only as per the provisions contained in the AOA of the Company.

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2014 Can we use the same rubber stamp instead of Common Seal at various place??? or it contravenes any provision of the act??

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SHAKTI JINDAL

SHAKTI JINDAL (Expert)
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17 April 2014 Normally rubber stamp is used. Common Seal is used only if required. For instance banks may require affixation of common seal on loan agreements. Common Seal is required to be affixed on share certificates, etc.

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2014 ya

but can we use same rubber stamp as common seal..suppose i used round rubber stamp as common seal on loan agreement or share certificate