Practicing Success
Which of the following acts as an official signature of the company? |
Common seal Oligarchic majority Director Shareholders |
Common seal |
The correct answer is option 1- Common seal. The company being an artificial person cannot sign its name by itself. Therefore, every company is required to have its own seal which acts as official signature of the company. Any document which does not carry the common seal of the company is not a binding on the company. |