Is a Company Stamp a Legal Requirement
Company stamps are used to certify official documents such as contracts, licenses, and deeds, among other things. The name and registration number of the company are printed on company stamps. It is not mandatory to use them in Singapore, but it is still standard practice. Your company secretary is in charge of keeping track of it and putting it to good use.
Although a company stamp is not required by law, it can be instrumental in streamlining office activities. A self-inking company stamp is often used to quickly stamp important documents that do not legally need an embossed company seal. For different activities, many businesses have a range of company stamps on hand.
There are no legal requirements for what goes on a stamp. Typically, it is determined by the company's preferences, including the business name, mailing address, registration number, and any other pertinent information.
I suggest that you buy a company stamp with your logo on it; this is an excellent tool for branding and marketing. Whether the organization holds a contest or drawing, the prize is provided by a third party. You should imprint the company logo on the voucher or box so that the customer remembers who gave them the gift.
Stamps are Usually Used in the Following Situations:
1. To ensure that a document that must be executed as a deed is legitimate (as opposed to a simple contract).
2. Share certificates and other corporate records.
3. To communicate information on the records that are needed by the law. According to the Companies Act, the company's registration number must be legible on all documents. You may use letterhead or a stamp with this information on it.
The Difference Between a Document that has a Company Stamp and one that does not
Historically, the company stamp was previously used to verify and affirm the validity of documents. The stamp symbolized the company's dedication to the contract or agreement on paper. The courts may interpret the documents signed by directors alone as the individual's act or deed on behalf of the corporation. However, company stamps are no longer held in the same regard as they once were.
How and Where to Get a Company Stamp
It's straightforward. Several companies can create custom company stamps for local businesses. Select a template from a range of choices, enter your company's UEN and other required details, and you're ready to go. Making a stamp takes a few days once you've provided all of the necessary information. After that, you can immediately begin using your stamp.
You might be wondering if having a company stamp is legal or not. Well, it is optional, i.e., not necessary. A company stamp becomes more of a relic of the past than a legal requirement. The signature of a person in a position of authority like the director has become identifiable in recent years. Even though the company stamp is no longer needed, it symbolizes a company's identity.