Company seal in Singapore
The company seal, is mainly used in common law jurisdictions. It is the official seal of a company and has legal effect, but many countries in modern times have exempted it.
The steel stamp is composed of two pieces of metal, one of which is a convex metal with embedded content, and the other is a corresponding depression. The steel stamp is a block that is stamped on the document to form a seal. It is a metal used to stamp documents. seal.
The company seal currently used in Singapore is a metal circular stamp with a diameter of 35MM. The company name and registration number are stamped on the company seal.
Now, Singapore has gradually weakened the use of steel stamps. According to Article 41A of the Companies Act (CA), it is no longer mandatory for companies to be equipped with company stamps.
If the company believes that it is not necessary to use the company’s steel seal, it can make corresponding amendments and express it in the company’s articles of association.
According to the provisions of Section 41B of the Singapore Companies Act: From March 31, 2017, Singapore companies and limited liability partnerships (LLP) are not required to use documents executed in the form of deeds or other documents such as share certificates. Official seal, which can be executed by the signature of an authorized person.
Company authorized personnel include:
- Represent the company by a company director and a company secretary;
- The company is represented by at least 2 company directors;
- Signed by a director of the company on behalf of the company in the presence of a witness.
LLP authorized personnel include:
- Two partners in a limited liability partnership;
- A partner of a limited liability partnership (with a witness to witness the signature)
Company chop in Singapore
Generally, the seal includes the company’s name, registration number. The company seal is a seal that all companies in Singapore will be equipped with, and is used frequently and in daily operations.
The company seal is used selectively. When it comes to some official documents, such as government documents, utility bills or telephone bills, the company seal is required; even sometimes because of the special nature of the goods, the express company will require an official seal. Company seal for approval.
Pursuant to section 144(1A) of the Companies Act, a company’s registration number must appear in a legible form on all business correspondence, accounts, invoices, official notices and publications issued or signed on behalf of the company.
Therefore, the company’s registration number can be stamped on these designated documents using the company’s seal, and the company’s seal is not required for company documents that already have the company’s name and registration number printed thereon.
In addition to the circular stamp, the company can also engrave a strip stamp (address stamp or signature stamp) according to its actual situation, but whether it is a circular stamp or a strip stamp, the stamp has no legal effect.
Does the company stamp matter?
Although the seal is optional, it is still an important thing for Singapore companies as the company seal helps to strengthen the credibility of the company.
If you open a company in Singapore, the company documents will have a stamp, which will give people a more formal and authentic feel; on the other hand, using a stamp can save time and increase convenience.
Singapore company seal and stamp, the former has strict legal effect, and its application needs to be resolved by the company’s board of directors, but the seal is not required by the company and is facing phase-out; the latter does not have sufficient legal effect.
Therefore, if the signed legal document is not stamped with the company’s steel seal, it is recommended to request the other party to provide the signature of the authorized representative and issue the corresponding power of attorney from the board of directors.