Use of a Common Seal

Copy of template 1200 x 600 (22)

The use of the common seal should be restricted to the minimum number of cases. It is not necessary to use the common seal for all business, such as approving minutes. The Company Law Review Act 1988 (Cth) abolished the requirement that companies have a seal and also the need for deeds to be executed under seal.

Common uses of company seals include:

  • Significant contracts (i.e. not the purchase of a roll of stamps)
  • Real (landed) property transfers and land contracts
  • Loan documents, mortgages and guarantees
  • Occasions where its use is required by a third party

Whenever the common seal is used, its use must be authorised by a resolution of the board. All uses of a company seal should be recorded in a special register kept by a company’s general counsel or legal officer. The register should contain a record of the use of the common seal together with a cross-reference to the management committee minutes authorising its use.

For more information about Common Seal Singapore, please visit https://www.aestamp.com.sg

Get a FREE 1-to-1 SEO Service Consultation

Fill up below and we will get back to you a FREE 1-to-1 SEO Service consultation on how to grow your business in Google!

Latest News

What’s New in Supplier Directory?

What is the importance of a machine vision system?

Cortex Robotics brings you an amazing Machine Vision System. It’s like giving eyes to machines! This special system helps machines …

Want Your Air Conditioner to Be Cold? Follow This Formula!

Ku Air Cond Service offers air conditioning services in Selayang. They possess the ability to restore it when it malfunctions, …

Satisfy Your Cravings: Fast and Fresh Sandwich Delivery Services

Great Value is here to make your mealtime convenient and delicious with their Sandwich Delivery service in KL. They offer …

Types of Cover Set Motorcycle?

A motorcycle cover, alternatively referred to as a bike cover, serves the purpose of safeguarding your motorcycle from diverse environmental …

Professional Wedding Caterer Advice for Staying Calm on Your Wedding Day

Maintain your cool and enjoy your wedding day. Is this even possible? If you’re getting married and feeling unsure about …

5 Advantages to Hire Expert Metal Roof Installers

If you’re in the market for a new roof, the first decision you probably considered was whether to choose a …

7 Reasons Why You Should Invest in an iPad Case

iPad covers are highly sought-after accessories for iPads due to their remarkable benefits. These protective cases effectively safeguard your iPad …

How To Create a Safe Working Environment

Any firm should never take workplace safety casually. It makes no difference if you have 1,000 or 10 employees. Any …