Is company stamp a legal requirement Singapore?
SINGAPORE: Companies will no longer need to affix their company stamps on government forms starting this October, unless required by legislation. This includes tender-related documents submitted through government e-procurement portal GeBIZ.
Is it compulsory to have a company stamp?
A company stamp is optional, but there will be times when it is required, such as when it comes to government documentation, utility or telephone bills and even courier companies which may be require an official company stamp for authorization purposes.
Is company seal required in Singapore?
Company seals are used for contracts that are required by law to be in writing under seal. However, with effect from 31 March 2017, there is no longer a need to use the company seal to execute such documents if the procedure in section 41B of the Companies Act (CA) is followed (details below).
What is needed in a company stamp?
For company stamps made for the purpose of mailing to customers or suppliers, it normally takes form as a rectangular stamp and would typically contains the company name, mailing address, telephone number, fax number, email as well as company website.
How can I get company stamp in Singapore?
For you to have an authentic company stamp in Singapore, you must first meet all the requirements of the Accounting and Corporate Regulatory Authority of Singapore (ACRA). This is the official; government body that is responsible for company formation including regulation and cessation.
What is a company stamp Singapore?
A company stamp or seal is used to validate official documents such as certificates, contracts, and deeds. The stamp contains the company name and registration number. Even though using a company seal is no longer mandatory in Singapore, it is still a common practice.
What is the difference between a company stamp and seal?
Seals may leave an embossed or raised impression on the paper, be imbedded as a watermark to deter forgery or be computer-generated. Stamps validate a document’s originality and signatures with an inked emblem or identification.
Is it mandatory to have common seal?
Making common seal optional: Section 9 of the Act made it mandatory for every company to have a common seal which has power to acquire, hold and dispose of property, to contract, to sue and be sued in the company’s name. Hereafter, affixing seal of a company on documents, authorization papers, agreement etc.
How long does it take to make a company stamp?
It takes up to 3 business working days from the day you approve the stamp proof.
Do all companies have a company stamp?
They are used to leave a company embossment on official documents such as deeds, statutory documents and share certificates. While a company stamp is not required, they are commonly preferred by businesses to quickly leave a professional mark on documents that do not require an official company seal.
Why do I need a company stamp?
Company stamp (company seal) — used to validate official documents, like contracts, certificates, deeds, etc. Company seals contain the name and registration number of the company.
Why is a stamp necessary for a company?