{"id":69093,"date":"2023-11-05T14:37:15","date_gmt":"2023-11-05T06:37:15","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/?page_id=69093"},"modified":"2024-11-27T22:45:14","modified_gmt":"2024-11-27T14:45:14","slug":"common-seal","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/business-compendium\/common-seal\/","title":{"rendered":"Common Seal"},"content":{"rendered":"

Understanding a Common Seal<\/h2>\n

\"Common
\nSummary:<\/em> An official symbol of a company used while formalising paperwork and documents like contracts, share certificates, etc.<\/p>\n

A common seal (also a company or corporate seal) is an official symbol used by a corporation. This seal, embossed with the entity’s title and number of registrations, is utilised while formalising paperwork like contracts, deeds, and share certificates.<\/p>\n

 <\/p>\n

Update on Common Seal Requirement in Singapore<\/h3>\n

In Singapore, things have changed regarding the necessity of a common seal<\/a>. Since 31 March 2017, as per Sections 41A, 41B, and 41C of the Companies Act (Cap. 50), the use of a common seal is no longer compulsory for companies and Limited Liability Partnerships (LLPs) when they put their signature on legal papers.<\/p>\n

Section 41A (1) clarifies that a company may possess a common seal, though it’s not obligatory.<\/p>\n

Section 41B (1) explains that a company has the authority to authenticate a document conceived or specified as a deed without the need to stamp a common seal if signed by:
\n(a) a director and a secretary of the company,
\n(b) at least two directors of the company or
\n(c) a company director in the company of a witness who vouches for the signature.<\/p>\n

Section 41C presents the alternative to using a seal in situations where any written law or rule mandates that any document should bear the common seal of a company or indicates potential consequences if it doesn’t, such a law or rule is respected as long as the document carries a signature.<\/p>\n

Despite these revisions, certain companies still retain a common seal for use in international dealings. When not in use, the seal is stored at the company’s official address.<\/p>\n

 <\/p>\n

Signature as an Alternative to Seal<\/h3>\n

Legal documents don\u2019t necessarily need a common seal; signatures from authorised individuals may suffice.<\/p>\n

In the case of companies, legal papers can be authorised by:<\/p>\n

    \n
  • a company director and the secretary,<\/li>\n
  • two company directors or<\/li>\n
  • a company director under the watch of a witness who can confirm the signature.<\/li>\n<\/ul>\n

    For LLPs, these documents can be legitimated by:<\/p>\n

      \n
    • two partners from the LLP, or<\/li>\n
    • one partner accompanied by a witness who can verify the signature.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

      Understanding a Common Seal Summary: An official symbol of a company used while formalising paperwork and documents like contracts, share certificates, etc. A common seal (also a company or corporate seal) is an official symbol used by a corporation. This seal, embossed with the entity’s title and number of registrations, is utilised while formalising paperwork…<\/p>\n","protected":false},"author":22,"featured_media":68676,"parent":70083,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69093","page","type-page","status-publish","has-post-thumbnail","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/69093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=69093"}],"version-history":[{"count":1,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/69093\/revisions"}],"predecessor-version":[{"id":93115,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/69093\/revisions\/93115"}],"up":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/70083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/68676"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=69093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=69093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/tags?post=69093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}