What Is A Company Seal?
Every company under Irish legislation must have a company seal. The seal must have it’s company name engraved on it in legible characters. You may be familiar with the old legal term, signed, sealed and delivered. This means that a contract has to be signed by the directors or parties to the contract, sealed using the company seal and delivered to the parties receiving the contract.
Company Seal & Its Uses
Who Can Use The Company Seal?
The company seal can only be used when authorised by the board of directors, and a sealing register should be maintained for each use.
When Can A Company Seal Be Used?
- Minutes Of Meeting
- Share Transfers
- Company Law
- Contract Law
- Property Law
Company Seal Register
The company seal can only be used when authorised by the board of directors, and a sealing register should be maintained for each use.We can maintain this for you as part of our Company Secretary package. If you’re interesting in having Accountant Online look after your compliance needs, contact us today.
Where Do I Keep My Company Seal?
Your company seal is usually kept in Ireland. If you’re planning on using it regularly outside of Ireland, then you will need to have the name of that country on the seal. For example, if the company seal is only to be used in Spain for sealing contracts in Spain by a Director who lives there, the word “Spain” must be shown on the seal. If the director goes on business to France and the business is concluded there, he would need a seal with the word “France” on it.
Rather than having a number of company seals in different countries, it is usual that the company seal be officially kept at the registered office in Ireland with no mention of another jurisdiction on the face of it. If a contract has to be completed in Spain, we send the seal to the Director and he then returns it to the registered office when the business is concluded.