Did You Know? · Corporate & Commercial Contracts
Do you know a company doesn't need a common seal anymore?
Since the Companies (Amendment) Act, 2015, a common seal is optional. A document is validly executed if signed by two directors, or one director and the company secretary.
Since the Companies (Amendment) Act, 2015, a common seal is optional. A document is validly executed if signed by two directors, or one director and the company secretary - the seal, if the company still keeps one, is now a matter of internal practice, not a statutory requirement for authenticating documents.