TMI BlogAffixing of Common SealX X X X Extracts X X X X X X X X Extracts X X X X ..... A company shall have only one common seal. The Act provides that from the date of incorporation mentioned in the certificate of incorporation, the company shall have a common seal. The Articles of Association provides the procedure relating to affixing of common seal. Scope This Standard seeks to lay down a set of principles for affixing of the common seal. Definitions The following terms are used in this standard with the meaning specified: Act means the Companies Act, 1956 (1 of 1956) , or any statutory modification or re-enactment thereof. Articles means the articles of association of a company. Board means the Board of directors of a company. Unless the context otherwise requires, words and expr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ificates issued by the company shall be sealed and signed in accordance with the provisions of the rules prescribed in this regard. 4. Register of documents executed under common seal 4.1 Every company should maintain a register containing particulars of documents on which the common seal of the company has been affixed. 4.2 The register should contain the description of the document; date and number of the resolution authorizing the affixation of common seal; date of affixing seal on the document; name(s) of person(s) who attested the affixation; and the place at which the document was so sealed. 4.3 The register should be maintained at the registered office of the company. 5. Custody 5.1 The common seal should be kep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at territory, district or place - A deed, instrument or other document to which an official seal is duly affixed shall bind the company as if it had been affixed with the common seal of the company. 7.2 The person affixing the official seal shall sign and write on the deed or other instrument, the date and place at which it is affixed. 8. Register of documents executed under official seal 8.1 Every company should maintain a register containing particulars of documents on which the official seal of the company has been affixed. 8.2 The register should contain the description of the document; date and number of the resolution authorizing the affixation of official seal; date of affixing seal on the document; name(s) of person(s) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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