COMMON SEAL OF A COMPANY AND ITS USES

Common seal: -

                        It is an official signature of a company. A company has no physical existence.  It acts through the agent and must under the seal of the company. Affixing the company seal is a statutory requirement and its acts as evidence. When seal is used in a document it ensures authenticity of attestation on behalf of the company.

Following are documents in which common seal is required:

1.       Power of attorney.

2.       Share certificate.

3.       Debentures.

4.       Share warrant.

5.       Dead of lease.

6.       Any deed as required by articles.

Resolution of board is required for affixing common seal of the company on deeds and contracts. Common seal is affected only in presence of two directors and company secretary or such other person as the board may appoint for the purpose in accordance with articles of association.