What is a corporate seal?

A corporate seal, also known as a company seal or business seal, is a tool used by companies to authenticate official documents and demonstrate the approval of the company. It typically consists of a metal embossing stamp with the company's logo or name engraved on it.

Significance in business transactions

The corporate seal is significant in business transactions as it provides a level of authenticity and validation to corporate documents. By stamping the seal on legal documents, contracts, agreements, and other important paperwork, a company can signify its approval and endorsement.

Corporate seals are commonly used in the signing of deeds, share certificates, minutes of meetings, and contracts. They help establish the company's identity and ensure that the documents are legally binding and officially recognized.

In conclusion, a corporate seal plays a crucial role in the authentication of corporate documents and upholding the integrity of business transactions. It serves as a symbol of corporate approval and identity, enhancing the credibility and professionalism of the company in the eyes of stakeholders and partners.