How The Common Seal Should Be? Order One

Understanding the Common Seal

A common seal, also known as a company seal or corporate seal, is a stamped imprint that includes a company’s legal name and registration number. This seal is used on agreements and documents to signify that they have been executed by authorized agents or officers on behalf of the company. Essentially, it acts as a formal signature of the company.

Legal Context in Sri Lanka

According to the Companies Act No. 07 of 2007, it is not mandatory for companies in Sri Lanka to have a common seal. However, if a company chooses to have one, Section 12(1) of the Act stipulates that the seal must include the company’s full legal name and registration number. When a company has a common seal, it must be used to execute documents, ensuring that all official paperwork is properly authenticated.

The Benefits of Having a Common Seal

1. Authenticity and Legitimacy: Using a common seal adds an extra layer of authenticity to your documents, making them more credible and trustworthy.
2. Professionalism: A common seal reflects a company’s professionalism and commitment to maintaining high standards in its operations.
3. Legal Assurance: It provides legal assurance that documents have been executed by authorized personnel, which can be crucial in legal disputes or audits.
4. Tradition and Trust: Many business counterparts expect the use of a common seal, as it is a long-standing practice that signifies trust and reliability.

Common Misconceptions

Despite the legal flexibility, many companies believe that having a common seal is a requirement. While it is not mandatory, the benefits of having one make it a valuable asset for any company looking to enhance its corporate governance and operational integrity.

Order Your Common Seal Today

Order your common seal today and take a step towards greater authenticity and professionalism in your business operations!

If you need assistance in creating a common seal for your company, we are here to help. Our team can provide you with a high-quality seal that meets all legal requirements and enhances your company’s professional image.