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Companies act 2013

Corporate & Other Laws

Affixing of common seal on company documents compulsory. This statement is correct or incorrect

Ritika Chaudhary

CA Foundation

★ 170

23-Aug-22 11:36

588

Answers (7)

Best Answer

Thanku â?ºï¸?

Thread Starter

Ritika Chaudhary

CA Foundation

★ 170

23-Aug-22 11:53

Yes.Affixing of company seal is like authorised signature of the company.Common seal of the company binds it to the agreement or guarantee or contract it is entering into.

Shankari C

CA Inter

★ 12K+

23-Aug-22 11:52

Shankari C

Yes.Affixing of company seal is like authorised signature of the company.Common seal of the company binds it to the agreement or guarantee or contract it is entering into.

Thanku â?¤ï¸?

Thread Starter

Ritika Chaudhary

CA Foundation

★ 170

23-Aug-22 11:55

yes ,It is to be used in the manner as prescribed in the Articles of Association of the Company and the Companies Act, 2013.

Mounika Satya sai Mullapudi

CA Inter

★ 3K+

23-Aug-22 12:01

yes it is compulsory statement is correct

Elavarasi B

CA Inter

★ 46K+

23-Aug-22 14:50

Now, with The Companies (Amendment) Act, 2015 coming into force the common seal is no more mandatory.it has been made optional. All such documents which required affixing the common seal may now instead be signed by two directors or one director and a company secretary of the company.

Balachandar S

CA Inter

★ 59K+

23-Aug-22 15:15

Elavarasi B

yes it is compulsory statement is correct

Common seal is not compulsory.

CA Suraj Lakhotia

Admin

23-Aug-22 15:32