01 March 2017
Do you mean this clause sir?? (i) The Board shall provide for the safe custody of the seal.
(ii) The seal of the company shall not be affixed to any instrument except by the authority of a resolution of the Board or of a committee of the Board authorised by it in that behalf, and except in the presence of at least two directors and of the secretary or such other person as the Board may appoint for the purpose; and those two directors and the secretary or other person aforesaid shall sign every instrument to which the seal of the company is so affixed in their presence.
also common seal is there in another clause indicating "Every certificate shall be under the seal and shall specify the shares to which it relates and the amount paid-up thereon".
02 March 2017
sir, my friend suggested me to change the clause from """(ii) Every certificate shall be under the seal and shall specify the shares to which it relates and the amount paid-up thereon"""
to ""(ii) Every certificate shall be signed by two Directors or a Director and a Company Secretary and shall specify the shares to which it relates and the amount paid-up thereon"
CAclubindia
