A company may have a common seal but need not have one, and where a company has a common seal, the design and use of that seal shall be regulated by the company’s articles and it shall have its name engraved in legible characters on the seal.
Companies and Allied Matters Act 2020 · Part B · Chapter 5
Section 98 Common seal of the company
Cite as: Companies and Allied Matters Act 2020, section 98
What this section means
From the guide: Company contracts, seals and how a company signs documents under CAMA 2020
- If it has one, the articles regulate its design and use and its name must be engraved on it in legible characters (section 98).
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Source: Companies and Allied Matters Act 2020 (Act No. 3 of 2020), Official Gazette No. 124, Lagos, 10 August 2020. General information, not legal advice.