Secretarial Audit with Reference to Affixation of Common Seal
Inspira - Journal of Modern Management & Entrepreneurship (2018), Vol. V No. 2, pp.239-241
Posted: 18 Jul 2019
Date Written: April 1, 2014
As per Indian Company Law affixation of common seal/ official seal creates binding effect on the company for all obligations undertaken in the document and has legal implications hence audit in this regard must be carried on with proper care and diligence considering the provisions of the Companies Act, 2013 and Secretarial Standard – 8. This article summarizes the provision of the Companies Act, 2013 and Secretarial Standard regarding affixation of common seal and its procedures with a quick check list for the compliance of provisions regarding affixation of common seal. List of documents required to be executed under common list is also mentioned.
Keywords: Secretarial Audit, Common Seal, Secretarial Standards
JEL Classification: K20
Suggested Citation: Suggested Citation