The Essential Role of a Common Seal (Company Seal) in Mumbai : A Comprehensive Guide
Running a business in Mumbai, India, requires having a company common seal, also known as a corporate seal. This official stamp serves as a crucial element in legitimizing your business’s actions.
What is a Common Seal (Company Seal)?
Imagine a common seal as your company’s signature stamp. It’s imprinted with your business’s legal name and used to verify the authenticity of legal documents executed on behalf of your company. Only authorized personnel or officers can use this seal.
How Does a Common Seal (Company Seal) Work?
By stamping documents with your company (common seal) in Mumbai, you’re essentially signifying that the documents are officially endorsed by your business. This adds a layer of legal weight and demonstrates your company’s commitment to the agreements outlined in the documents.
Who Issues Common Seals (Company Seals)?
While you can acquire the physical seal from local office supply stores in Mumbai, the authorization to use it comes from the Institute of Company Secretaries in India. The seal can only be used with the approval of your company’s Board of Directors, highlighting the importance and legal implications associated with its use.
Why Does Your Company Need a Common Seal (Company Seal)?
A common seal empowers your Mumbai-based business to enter legal agreements. It functions as your company’s official signature, making any document stamped with it legally binding. This emphasizes the importance of responsible usage, adhering to the terms outlined in the Articles of Association and the Companies Act 2013.
Learn More :
https://www.taxprint.com/companyseal
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