Common seal can be made from local stamp manufacturer ?

This query is : Resolved

CA Abhishek Singh (Querist)
Follow

06 July 2012 Hello everyone,

1. Is it necessary for a pvt ltd company to make a common seal ? I am making the share certificate of the company .

2. Can we make normal round stamp from a local manufacturer, same as we make round stamp of practicing CAS (cost will be around 100-150 rupees ?

CS, Deepak Pratap Singh

CS, Deepak Pratap Singh (Expert)
Follow

06 July 2012 Dear Friend, Common Seal is the signature of the company and generally adopted at the first board meeting. To give legal effect of any document you have to affix common seal of the company according to your Articles of Association. Thus it is necessary to have a common seal for your company. Share Certificate should also carry common seal of your company with signatures of your directors. Thanks

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

06 July 2012 1. Common seal is necessary.
2. No. Common seal should be made of metal and capable of being manually operated. Ref:- Secretarial Standard -8 of ICSI.

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