Section 023

[1][Omitted]

[1] Omitted through Companies Amendment Act, 2021 dated 03-12-2021. Before omitted it was:

23. Company to have common seal.—(1) Every company shall have a common seal.

(2) A company‘s common seal must be a seal having the company‘s name engraved on it in legible form.

(3) If any of the provision of this section is contravened or an officer of a company or a person on behalf of a company uses or authorises the use of another seal that purports to be the company‘s common seal, shall be liable to a penalty not exceeding of level 1 on the standard scale.