What is common seal
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 April 2015
what is common seal and what is its importance.
28 April 2015
A Company is an Artificial Person in eyes of Law, it has no soul, it takes birth by the Operation of Law and ends it’s life by the Operation of Law. Like a natural person, it can’t sign by its own. As still it’s an Artificial Person and as it operates in the world market, there arises some situation where Law asks a Company to sign by putting its Common Seal on the Documents.
The acts of a Company in India are governed by the Companies Act, 2013. And the said Act, does not define the term ‘Common Seal’. Thus generally, a Common Seal mean the official seal of Company, wherein the name of the Company is engraved in full. Common Seals can generally be obtained from rubber stamp makers at minimal cost and at short notice. There is no compulsion under the Companies Act, 2013 that the common seal should be made in metal or any other material.
The acts of a Company in India are governed by the Companies Act, 2013. And the said Act, does not define the term ‘Common Seal’. Thus generally, a Common Seal mean the official seal of Company, wherein the name of the Company is engraved in full. Common Seals can generally be obtained from rubber stamp makers at minimal cost and at short notice. There is no compulsion under the Companies Act, 2013 that the common seal should be made in metal or any other material.
29 April 2015
https://rna-cs.com/common-seal-under-companies-act-2013
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Condonation . E-Verification of last year return .
- TDS Return Q1 FY 2026-27
- Management System (IMS)
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- DIN reactivation
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
