Affix Date Resolution For Free

The Companies Act, 2013 does not define a common seal. ing to the Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI), a common seal means a metallic company seal that can be affixed only with the approval of the company's board of directors. It is the official company signature.

The company seal, sometimes called a corporate seal, is a tool used to stamp or emboss your company's important documents in order to show the document is certified by, and agreed upon by, the Board of Directors of the company.

Uses of the common seal The common (company) seal is stamped on documents that include share certificates, employee contracts, minutes of a meeting, and other vendor partner agreements.

Common Seal is to be affixed on the documents as warranted by Statute and the Articles of Association of a Company, viz. - On share certificates, seal has to be affixed - as per the Companies Act. - Agreements/ Deeds/ Power of Attorneys may be required to be affixed - as per the Articles of a given company.

"RESOLVED THAT the Common Seal of the Company as placed by the Chairman and approved by this meeting and an impression of which has been taken at the margin of the minutes be and is hereby adopted as the Common Seal of the Company."

Common seal means the metallic seal of a company which can be affixed only with the approval of the Board of directors of the company. It is the signature of the company to any document on which it is affixed and binds the company for all obligations undertaken in the document.

Firstly, the following of the legal formality of affixing a seal to a document was evidence of the existence of a contract. Secondly, the need to use a seal ? widely known to have legal significance ? served to impress upon the parties the significance of the agreement being made.

Loan Resolution means that certain Resolution, adopted by the Board of the City on March 8, 2021, authorizing a loan under a loan agreement between the Borrower and the Issuer to finance the Project.

A certified board resolution is a written document that provides an explanation of the actions of a company's board of directors that has been verified by the secretary of the organization and approved by the board's president. It gives authority to an individual or group to act on behalf of the corporation.

SBA Form 160, Resolution of Board of Directors is a form issued by the Small Business Administration (SBA) and filed with SBA Business Expansion loans - including Direct, Guaranteed, or Participation loans.