Common seal
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2011
Sir,
Registered Office of a company is in
Chennai. However the documents are
executed in New Delhi. Can the common seal
of the company be carried to New Delhi for
execution of documents. Is any authorisation required by way of Board
Resolution. Please advise.
Raja
Registered Office of a company is in
Chennai. However the documents are
executed in New Delhi. Can the common seal
of the company be carried to New Delhi for
execution of documents. Is any authorisation required by way of Board
Resolution. Please advise.
Raja
26 November 2011
Section 50(1) of the Companies Act, 1956 provides that a company whose objects require or comprise the transactions outside India may, if authorised by its Articles , have for use in any territory, district or place not situate in India an official seal which shall be a facimile of the Common Seal of the Company, with the addition on its face of the name and territiry, district or place , it to be used.
Section50(2) A company having an official seal for use in any such territory , district or place may, by writing under its common seal , authorise any person appointed for the purpose in that territory, district or place to affix the official seal to any deed or other documents to which the company is a party in that territory.
Your company by a resolution of Board of Directors authorises any person in whose supervision the common seal will be used any where.
Section50(2) A company having an official seal for use in any such territory , district or place may, by writing under its common seal , authorise any person appointed for the purpose in that territory, district or place to affix the official seal to any deed or other documents to which the company is a party in that territory.
Your company by a resolution of Board of Directors authorises any person in whose supervision the common seal will be used any where.
26 November 2011
Pl go through the 'article' regarding common seal in the AOA of the company. If there is no restriction to take out side Chennai, carry it to Delhi on the strength of a board resolution.
Message likes :
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26 November 2011
Agree with Mr.B. Chackrapani..
Check your Articles
As far as Section 50 opf the companies Act, 1956 is concerned it talks about taking the common seal outside India.
Check your Articles
As far as Section 50 opf the companies Act, 1956 is concerned it talks about taking the common seal outside India.
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