Common seal affixing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 January 2013
Sir
In the case of a private company if the Board resolution is silient on affixing common seal on loan documents, will the documents be valid if common seal is not affixed or is it mandatory that the common seal is required to be affixed in all loan documents.
kindly clarify
In the case of a private company if the Board resolution is silient on affixing common seal on loan documents, will the documents be valid if common seal is not affixed or is it mandatory that the common seal is required to be affixed in all loan documents.
kindly clarify
Ajay Mishra
(Expert)
06 January 2013
Hi
Please check what your company articles says that affixion of common seal is mandatory or not.
Generally the loan documents requires common seal of the company. If the Board Resolution is silent then it is not mandatory.
Please check what your company articles says that affixion of common seal is mandatory or not.
Generally the loan documents requires common seal of the company. If the Board Resolution is silent then it is not mandatory.
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