THE CORPORATIONS LAW

CHAPTER 2A - REGISTERING A COMPANY

PART 2A.2 - HOW A COMPANY IS REGISTERED

SECTION 123   COMPANY MAY HAVE COMMON SEAL  

123(1)  [Common seal]  

A company may have a common seal. If a company does have a common seal, the company must set out on it:

(a)  for a company that has its ACN in its name - the company's name; or

(b)  otherwise - the company's name, the expression ``Australian Company Number'' and the company's ACN.

Note 1:

A company may make contracts and execute documents without using a seal (see sections 126 and 127).

Note 2:

For abbreviations that can be used on a seal, see section 149.

123(2)  [Duplicate]  

A company may have a duplicate common seal. The duplicate must be a copy of the common seal with the words ``duplicate seal'', ``share seal'' or ``certificate seal'' added.

123(3)  [Prohibition]  

A person must not use, or authorise the use of, a seal that purports to be the common seal of a company or a duplicate if the seal does not comply with the requirements set out in subsection (1) or (2).