ja_mageia_template_j15

There is no express provision for a common seal to be adopted. The closest to this provision is a requirement to display the name which shall be legible and in romanised letters on the company’s seal.[1] If this is to be construed as a requirement to have a seal, it is at best indirect. In practice the articles of an offshore company usually provide that the seal can only be affixed by authority of the board, signed by a director and countersigned by another director or the company secretary. An offshore company may also have a share seal and share certificates under such seal shall be deemed to be sealed with the common seal of the company.[2]In practice, the use of share seal is uncommon, perhaps limited to an offshore company that issues a large number of shares.