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The common seal of a company is a stamped imprint of a company's legal name. It is affixed on agreements and documents that act as evidence that an agreement, contract or document was executed by its authorised agents or officers on behalf of the company.

A company seal is a stamp that corporations use to finalise contracts and execute company documents. It is the equivalent of a signature. A company seal is also referred to as a corporate seal or a common seal. In the past, the law enforced companies to use a company seal on documents.

Common Seal Optional: Companies Act, 2013 required common seal to be affixed on certain documents (such as a bill of exchange, share certificates, etc.) Now, with The Companies (Amendment) Act, 2015 coming into force the common seal is no more mandatory.it has been made optional.

The seal is used to execute a legal document or guarantee the document's authenticity. A seal is unique to a sealer and is used by government agencies, corporations and notaries public to show that the document is validly executed, acknowledged or witnessed.

The word ?SEAL? at the end of (or below) a signature line means 'signature'. For example, a mortgage note or Fannie Mae/Freddie Mac Texas Deed of Trust will have ?(Seal)? at the end of the line for the borrower's signature. A person's signature is considered their seal.

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.

The Companies (Amendment) Act, 2015 made the common seal optional and not mandatory. As per the amendment, all documents that require affixing the common seal can be signed by two directors or one director and a company secretary instead of affixing the common seal.