Common seal affixing

Save Share

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

Ajay Mishra

Ajay Mishra (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now