I am in process of altering the articles of a company rather pvt ltd co, I have one query that as per co(amendment) act 2015 there are various changes so can I keep the clause related to common seal intact as the company is having the common seal or should be changed ?
2 Replies
CS Rahul Kabra
(CS)
(141 Points)
Replied 29 May 2015
Yes you can keep clause related to Common Seal of the Company. PS refer section 5 (2) of the Act.
CS Adnan Shaikh
(Company Secretary)
(1301 Points)
Replied 29 May 2015
Agree with Mr. Rahul. Also, the act has not omitted the concept of common seal, it has only made it optional. So you may have clause related to common seal in AOA.
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