Common seal

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 January 2016 Dear Expert,

Please let me know whether Common seal is mandatory fr company or normal rubber stamp will do.

Also share if the contact for Printing of share certificate and making of seal

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 January 2016 Common seal is optional.

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Ankur Garg

Ankur Garg (Expert)
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12 January 2016 In normal course of business and routine business transactions normal rubber stamp is enough. However for transaction specified in articles of association use of common seal is mandatory. So kindly refer your articles of association for exact use of common seal.

Some time bank insist to use common seal for transactions like loan etc.

Regards

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CMA Sachin Warat

CMA Sachin Warat (Expert)
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12 January 2016 Companies (Amendment ) Act, 2015 had made it optional for the companies have the Common Seal. Only Certain important documents such as share certificate and authorisation to any person to act as attorney of the company. Apart from this, article of a company may also require for certain other documents to be under common seal. Otherwise, you can use rubber stamp.

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