Corporations Act 2001
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Hide history noteA company ' s power to sign, discharge and otherwise deal with contracts, or execute documents, can be exercised by an individual acting with the company ' s authority and on its behalf. A company can deal with contracts without using a common seal.
A company may execute a document by having it signed by:
• 2 directors of the company; or
• a director and the company secretary; or
• for a company with a sole director who is also the sole secretary - that director; or
• for a company with a sole director and no company secretary - that director.
If the document is to have effect as a deed, it should be expressed to be a deed.
A company is not required to have a common seal. If it does, the seal must show the company ' s name and its ACN or ABN (if the last 9 digits are the same, and in the same order, as the last 9 digits of its ACN). The seal is equivalent to the company ' s signature and may be used on important company documents such as mortgages.
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