Common seal
This query is : Resolved
A.Sundaramoorthy
(Querist)
15 March 2017
Dear Experts,
Common Seal is mandatory for pvt ltd co.?
When will use this common seal by a pvt ltd co.?
Please advise.
Thank you.
Common Seal is mandatory for pvt ltd co.?
When will use this common seal by a pvt ltd co.?
Please advise.
Thank you.
KAVIRAJA ADDANGADI
(Expert)
15 March 2017
Yes, common seal is compulsory .common seal will be used all important documents such as share certificates, Bank loan and other Statutory document etc
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A.Sundaramoorthy
(Querist)
15 March 2017
Thank you for your quick reply.
Ravi Kiran Vustela
(Expert)
16 March 2017
no, common seal is OPTIONAL NOW........ companies amendment act 2015 ..made it optional
Message likes :
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CS Mitesh Mehta
(Expert)
16 March 2017
1. The use of common seal is at the option of the Company
2. The Common seal of a Company is generally used for execution of deeds empowering any person, either generally or in respect of any specified matters, as its attorney and on share certificate/warrants of the company, Loan agreement with bankers
2. The Common seal of a Company is generally used for execution of deeds empowering any person, either generally or in respect of any specified matters, as its attorney and on share certificate/warrants of the company, Loan agreement with bankers
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