Significance of a Company Seal

A companyseal(sometimes referred to as the corporate sealor common seal) is an official sealused by a company. It is a stampor embossed emblemthat represents the companyand its legalname. It is significant in the sense that it serves as a means of authentication on documents prepared by a company. A company seal is to a company what a signature is to a person. This means that for every time a company seal is attached to a document, it shows on face value that the document was indeed prepared by the company.

A company’s official mark may be embossed on paper, envelopes and other legal documents to serve as evidence of the company’s legal existence. The use of the company seal is largely regulated by the Articles of Association of the company as stated in section 74 of the Companies and Allied Matters Act cap C20 LFN 2004 (CAMA).

In conclusion, the company seal is very important and can be used on authentication of business transactions in foreign countries (See section 75(2) of the Companies and Allied Matters Act cap C20 LFN 2004), authentication of documents used in appointing an agent for the company, authentication of a deed prepared by a company etc.

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