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The common seal of a company has been affixed by the company on a document without a due compliance with the provision of the companies act, does this affece validity of the documents? |
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Answer» Answer: The seal of the COMPANY SHALL not be affixed to any instrument except by the authority of a resolution of the Board or of a committee of the Board authorized by it in that behalf, and except in the PRESENCE of at LEAST two directors and of the secretary or such other PERSON as the Board may appoint for the purpose |
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