Company stamp singapore law. In most cases, this will not be a big problem.

Company stamp singapore law. A self-inking company stamp is often used to quickly stamp important documents that do not legally need an embossed company seal. Jan 8, 2021 · Before you decide to incorporate a company, there are several compliance requirements to take note of for Singapore companies. 2% of the consideration for the transfer. Contact Now! Jul 9, 2019 · Understand the legal steps and documents required to transfer shares in a Singapore private limited company. If a guarantee is being granted by a company, board resolutions approving the company’s entry into the guarantee should be passed Guarantees should be translated to English language if written in a foreign language. Feb 12, 2020 · The VCC is a new type of Singapore-incorporated fund structure which provides flexibility in the issue and redemption of its shares and payment of dividends from income or capital. To add another layer of security, require a senior executive to sign alongside the stamps. May 7, 2023 · There are various procedures related to the transfer of shares in Singapore. com According to the provisions of Section 41B of the Singapore Companies Act: From March 31, 2017, Singapore companies and limited liability partnerships (LLP) are not required to use documents executed in the form of deeds or other documents such as share certificates. Jan 15, 2025 · Learn about the importance of company stamps in China, their types, legal requirements, and how to manage them effectively. All of our pre-inked May 1, 2017 · The rest of this note focuses discussion on the changes introduced to section 22 of the SDA, which have implications generally for sales and purchase agreements regarding shares in a Singapore company (or in a foreign company with a share register in Singapore). Legal basis Law on Enterprises 2020; Decree 99/2016/ND-CP regulates the Jun 11, 2024 · Need information on the difference between a company chop and a common seal? In this guide we discuss their differences and use cases. Common Seal A common seal (also commonly known as a company seal or corporate seal) is an official emblem used by the company. The Stamp Duties (Amendment) Act 2017 (No. Singapore Company - Procedures and Fees for Transfer of Shares Unless otherwise indicated, the Singapore company mentioned anywhere in this quotation refers to a private company limited by shares incorporated in accordance with the Singapore Companies Act. edu. e. However, since 31 March 2017, the need for a common seal in documents is no longer required. This easing of requirements applies to all MOM forms, including the declaration page of the In Principle Approval (IPA) letter. FastLane Group is a leading provider of professional corporate services, accounting services, and company incorporation solutions for local businesses aiming to expand to the global market. Here's a breakdown and some context: • Transmission by Operation of Law: • This refers to We as an experienced stamp maker and one stop design and printing service provider, are proud to create high quality products that customised to your needs at affordable prices and fast turnaround time. 5 days ago · Conclusion Creating a company stamp in Singapore is a crucial step for any business looking to establish a professional and credible identity. Company self-inking stamp is a rubber stamp with built-in inking pad that is clean, easy and fast to use. Jul 19, 2024 · For you to have an authentic company stamp in Singapore, you must first meet all the requirements of the Accounting and Corporate Regulatory Authority of Singapore (ACRA). Company number or business registration company may be engraved on the signature stamp or small round chop, but most of the Hong Kong company does not engrave these number on it. 13 of 2017) changes this requirement, making stamp duties now payable on the execution of a sale and purchase agreement or share transfer form Aug 5, 2024 · Stamp Duty Calculations for Share Transfer in Singapore Stamp duty is a tax levied on the transfer of shares in Singapore. This Blog Post is brought to you for free and open access by the Yong Pung How School of Law at Institutional Knowledge at Singapore Management University. Singaporean law makes a distinction between electronic signatures and secure May 30, 2022 · 1. Q: What are the safeguards for ensuring authenticity and authority of documents executed by companies and LLPs after the requirement for a common seal is removed? A: Companies should execute documents The best way to maintain this is to use a stamp or a letterhead. For guidance, please contact our Singapore company formation agents. com. In common law jurisdictions, including in Singapore, a company stamp or corporate stamp is a tool that should be owned and used. For instance, when it comes to school certificate in the country, you will always see a red stamp for common seal impressions. This post was first Nov 2, 2023 · A general introduction to Securitisation Law in Singapore, focusing on practical implications and commercial impacts. In most cases, this will not be a big problem. Nov 5, 2020 · How to determine the validity of the China company chop/stamp/seal that will be going on your China contract and why this matters. The company seal is used for contracts that are required by law to be executed under seal. They have been given shares as part of an employee share scheme and you want them to sell their shares as they are moving on to another job Jul 24, 2025 · A company chop is an official stamp or seal engraved with a company’s registered corporate name. Nov 29, 2024 · A signature is associated with a particular person, while anyone in the company can operate the stamp. Sep 7, 2021 · Individuals, companies, and other organizations in Indonesia must pay stamp duties on certain legal documents. 50); Legal assignments of intellectual property rights; Intellectual property licences (Section 42 of the Trade Marks act (Cap. Feb 1, 2024 · Are you the director of a private company incorporated in Singapore? Your shareholders may be considering selling their shares for various reasons, such as: Having a minority stake in the business and are looking to realise the value of their investment. Stamp duties on the sale of Singapore-incorporated company shares in private mergers and acquisitions were traditionally payable only at the point of transfer, which is effected via share transfer forms. Company chop is also known as a rubber stamp, it is frequently used by many Singaporean companies to officially endorse certain types of documentation. How to Use a Chinese company stamp? (1) Stamping with the seal validates the contract In China, the official company seal is a symbol of corporate power. Discover how to effectively use company seals in Singapore for your business needs. Q: Who can be a transferee of shares in a Singapore company? Apr 30, 2025 · Guarantees must be in writing and signed by the guarantor or its agent. 50), and the deceased shareholder’s will or intestacy laws if there’s no will in place. A company stamp, also known as a company chop in Singapore, is one of the most important tools to do so. Sep 25, 2023 · Authors: Bill Jamieson , Chelsey Ho, Tan Wee Liang, Shann Liew Introduction Many Singapore lawyers are conscious of the increasing demands of clients to allow the electronic execution of documents and the difficulties they face in advising on the execution of deeds under Singapore law. One of the key changes made by this act was using a common seal by Singapore companies. This article will review the differences between seals and stamps and learn the nuances of their use. Aug 26, 2023 · Understand the significance and legalities of corporate stamps and seals in Singapore. Traditionally, such documents need to be affixed with the company seal (also known as common seal) for them to be valid. Apr 16, 2019 · Under the Stamp Duties Act, Chapter 312 of Singapore (the Stamp Duties Act), stamp duty is payable on a transfer of shares in a Singapore company or a transfer of real property in Singapore. sg/bitstreams/092e8634-25a4-4423-89c5-218ae02cb22d/download Jun 4, 2025 · This article considers lending laws in Singapore, discussing guarantees, collateral security, bankruptcy proceedings, waiver of immunity and more. We reserve the right to adjust prices at any time without prior notice. Our fees for handling the transfer of share (s) of a private company registered in Hong Kong are SGD550 for the first transfer and SGD200 for the second and thereafter. Chops must be made by authorized stamp-makers and registered with public safety authorities. In Singapore, Stamp Duty applies to dutiable documents relating to any immovable property in Singapore as well as any stock or shares. Singapore Court of Appeal Clarifies Requirements on Execution of Deeds The Singapore Court of Appeal has affirmed that sealing remains a key requisite for the execution of a deed, which is valid by being “signed, sealed and delivered”: Lim Zhipeng v Seow Suat Thin and another matter Stamp Duty is the tax governments place on legal documents. Jun 20, 2025 · Company stamps in Singapore provide benefits such as time efficiency, consistency, professionalism, legal compliance, document authentication, brand identity, etc. Feb 19, 2024 · Practical Law: Contract Execution - Singapore 19 February 2024 Allen & Gledhill Partner Christian Chin and Senior Associates Jeremy Seow, Serene Lau and Edward Chng authored the practice note Contract Execution (Singapore) for Practical Law Global. A company seal is the tangible representative and legal evidence of the company’s activities abroad. Sep 1, 2024 · A Practice Note providing an overview of the execution requirements for contracts in Singapore. Jun 2, 2022 · 3. It would be a crime for anyone to make the company seals without authorization, and in the most serious Jun 9, 2025 · It embosses the company name, making the business documents official and legally significant with a company stamp, for example, to act as an official signature for signing significant legal agreements, assignments, or contracts. Apr 17, 2020 · Introduction An increasing number of countries have imposed restrictions on movement, the “circuit breaker” in effect in Singapore being one example. In light of the increasingly common use of telecommunication and e-signatures, the importance of signature stamps and small round chop continues to decrease. Under the Income Tax Act, a "resident of Singapore," in relation to a company or body of persons, is defined as a company or body of persons the control and management of whose business is exercised in Singapore. Dec 29, 2023 · The company seal or stamp in China within the context of Chinese business practices contrasts with the Western emphasis on signatures. Can an appeal be made against the stamp duty imposed? The locus classicus is Aron Salomon v A Salomon & Co Ltd [1897] 1 AC 22 (House of Lords). Mar 23, 2025 · Stamp duty is not payable when the shares are transmitted by operation of law and automatically vested in the succeeding entity, where no consideration was paid and no instrument of transfer was executed. Nov 22, 2024 · Such additional stamp duties could reach up to around 44% of the value of the residential property that was transferred indirectly. Our fees cover the preparation of share transfer documents (other than share transfer agreement), arrangement to have the documents stamped and payment of stamp duty etc. For example, when the receptionist of a company receives a package by courier, he or she will stamp the acknowledgement of receipt with the small round chop. That's a correct summary of the Singaporean stamp duty position in such a specific scenario. Singapore’s migration to digital may have inadvertently changed the way in which title passes in a share transfer. Easy, right? Effective September 10, 2018, the Ministry of Manpower (MOM) in Singapore no longer requires employers to endorse forms using their company stamps. Feb 7, 2025 · By understanding the legal requirements and procedures, companies can ensure a smooth and efficient transfer of shares. Start-ups seeking venture capital are almost always structured as private companies limited by shares. Aug 31, 2023 · In the vast and dynamic landscape of China’s business world, understanding and integrating into the local customs isn’t just a courtesy; it’s a necessity. Oct 11, 2020 · Here is a list of important compliance requirements for Singapore companies. Learn about the local company registration process, the benefits of Singapore company registration and company formation FAQs to optimise the process. This is the official; government body that is responsible for company formation including regulation and cessation. Learn about the legal significance, usage scenarios, and shapes of company seals, along with the legal validity of steel stamps. When considering the grant of an upstream or cross-stream guarantee or security, directors must continue to act in the best interests of the company. It may be used by a corporation to verify or approve valuable records like share certificates, contracts, or deeds. The contracts in this Note include business-to-business commercial and corporate contracts, and those relating to finance and real Feb 18, 2019 · Do you know how to transfer your shares if they are of a private company? Are there any differences otherwise? What is your to do if you wish to do so? Jul 6, 2022 · Having a company stamp would allow you to place all this information about your company directly in the heading of your official documents. Do your commercial documents need to be endorsed with your Company stamp to prove their authenticity? Before you pop next door to our associate law firm to notarise your documents, or make your way to the bank to open a new corporate account, we can create a new self-inking company stamp for you in as little as 15 minutes. Learn why company stamps are a staple in Singaporean businesses, even when not legally required. Business contracts are essential for legal clarity and safeguarding the interests of companies operating in Singapore. Whether for employment, services, partnerships, or shareholder arrangements, well-drafted Hence, this opinion kept on involving. Mar 21, 2025 · There are also several factors to consider regarding the characterisation of associated companies, such as the applicability of the Sixth Sch of the SA 1949 to calculate the shareholding percentage of the holding or parent company. In this article we look at what a company chop is, when it’s used, and the role of company chops in China. Jul 17, 2020 · What are company chops? In China, company chops – sometimes referred to as a seal or stamp – are mandatory for doing business and replace signatures that are used in Western countries. Jul 22, 2020 · Mortgages / charges / leases exceeding three years, Section 6 (d) of the Civil Law Act (Cap. Stamp duty is a one-time tax that applies to civil documents and other documents used as evidence in legal proceedings. Because the official company seal is a symbol of corporate power. Nov 30, 2023 · In this era of rapid technological evolution, one pertinent question for businesses in Singapore is whether traditional company stamps are still needed. Discover the difference. It bears the company's name and registration number and is a metal contraption used to emboss documents. It has been accepted for inclusion in Research Collection Yong Pung How School Of Law by an authorized administrator of Institutional Knowledge at Singapore Management University. Redirecting to https://dr. Today, in Singapore, the red color is still seen on official document. Businesses in Singapore can be established as sole proprietorships, partnerships, or companies with limited or unlimited liability. Under Singapore law If the person who negotiates with you on behalf of a Chinese company can’t get the controller of the company to stamp the contract with the official company seal, then he/she is highly unlikely to represent the company. Conduct regular and thorough audits of your company’s documents. Our hotline and Order-form accept orders daily including weekends and on public holidays. . One of the amendments was to section 144, which deals with the publication of the company name on its seal and business documents. A company stamp in Singapore is a tool that is used to emboss the company name and registration date on papers that are about to be released in order to verify their validity. Nov 23, 2021 · If the market value of the property/subject matter assessed by the Collector of Stamp Duties (the Collector) is greater or higher than the contract price, the stamp duty chargeable will be based on the market value then (i. Other conditions for this stamp duty exemption include: Definition and Effect Amalgamation is a process whereby two or more companies are combined so that the property, rights, privileges, liabilities and obligations of the amalgamating (discontinuing) companies are transferred to, and vest in, one amalgamated (either new or continuing) company by ‘operation of law’ (i. So, if you’re going to do business with a Chinese company, the contract has to be stamped with the official company seal. As such, when signing a contract with a company in Singapore, you should pay attention to several stipulations mentioned in the document. The typical model constitution of a Singapore company incorporated before 31st March 2017 would state that the common seal of the company would have to be affixed on the document before two officers or Oct 22, 2023 · The Singapore Companies Act was amended in 2017. Our expertise and guidance help businesses achieve growth from local success to global excellence. The Note includes a summary of the different types of written contracts and the execution requirements for contracts. The company chop or seal acts as the physical representative and legal authority for the company to conduct business in other countries across May 17, 2024 · Sometimes a very small change in the law can lead to big and unintended consequences. It is an official seal used by the company to endorse documents like share certificates, contracts and deeds. See the IRAS Guide on Stamp Duties for Shares as well as our other article on how stamp duty applies when buying a Singapore company for more information on stamp duties on share transfers. Prospective parties to mergers and acquisitions (M&A) in Singapore should be mindful of these changes. In China, making official company seals is under supervision by the police. It came into effect on March 31, 2017. It contains the company’s name and registration number and is used to endorse documents such as contracts, deeds, and share certificates. A company stamp is a method that allows a company to sign documents such that legal files so that they can be released or executed properly. What Are Company Chop? Across many parts of China and Hong Kong, companies will utilize a seal or stamp known as a company chop to conduct legal business. See full list on corpxervices. Anything stamped with the official company seal is considered to be on behalf of the company’s will in China. After that, Viet An Law would like to introduce established company seals under Vietnamese law. Explore their roles in professionalism. This has repeatedly been accepted as good law in Singapore. It also covers the use of electronic signatures. How to get a Company Stamp? Getting your hands on a company stamp is easy. Mar 24, 2025 · Singapore is known for its business-friendly environment, and a key reason for this is its well-structured company law. Limit the number of company chops in use. 50) (the “Act”)) and foreign companies registered in Singapore are required to register certain types of security interests including most of the security interests described above. Although a company stamp is not required by law, it can be instrumental in streamlining office activities. Anything stamped with the official company seal is considered to be on behalf of the company’s will. For a transfer of shares in Singapore companies or in companies which maintain a share Are there any additional requirements of Singapore Company Incorporation? include a company seal and company stamp (if provided for in the company’s constitution). After amendments to the Companies Act in 2017, it is not mandatory for companies to have a company common seal and a company stamp. Historically, it served as a symbol of authenticity and authority, though its practical necessity has evolved over time with changes in legal requirements and business practices. Online casino game reviews at companystampsingapore. [6] Forgery of stamps Dec 20, 2018 · Company Seals What is a company seal? A company seal, also known as a common seal, is mostly used in common law jurisdictions like Singapore. The Removal of Requirement for Common Seal In Singapore, with effect from 31 March 2017, it is no longer a mandatory requirement Dec 15, 2021 · While doing business in Greater China and Asia, you most likely have come across the term “company chop”. By choosing a reputable company stamp maker like JJ&E Singapore, you can ensure that your company stamp is of the highest quality and meets all legal requirements. The doctrine of separate entity means that the owner-controllers of a business entity1 can be guilty of stealing or dishonestly misappropriating the property of the business entity: see, eg, Lai Ah Kau v Public Prosecutor [1988] 2 SLR(R) 128 Jul 17, 2023 · The electronic execution of Singapore law deeds would go a long way in facilitating cross-border transactions using Singapore law. Empowered by Xero’s innovative cloud accounting solution. Our law firm in Singapore can provide you with consultation on the contracts signed here. This guide provides a simple breakdown of Singapore Company Law to help business owners navigate the legal requirements. Our services include pre-inked stamp, common seal, logo design, name card printing, letterhead printing, envelope printing, NCR receipt/invoice books printing and etc. This, especially the stamp, is necessary as all official documents of the company need to have it along with the UEN and registered address. Introduction to contract law of Singapore - an essential guide for entrepreneurs who are planning to start and operate a business in Singapore. Our fees for handling the transfer of share(s) of a private company registered in Hong Kong are SGD450 for the first transfer and SGD200 for the second and thereafter. Singapore is a desirable location for both living and working as its business climate Mar 15, 2024 · 1. Despite costs, local entrepreneurs Under Singapore law, directors must act bona fide for what they consider to be in the best interests of the company and not for any collateral purpose; as such, they will need to be able to show that adequate corporate benefit is derived from the company giving the guarantee or security. Signings and closing are now by necessity virtual and this note sets out FAQs on this topic and suggests some practical solutions available. 4 It is usual for Singapore law guarantees to be executed in “wet ink” as deeds. Absolutely Yes. Jan 26, 2024 · What is a Corporate Seal? A corporate seal, also known as a company seal, is a tool used to emboss or stamp documents to signify that the document is officially approved by the board of directors of the company. , the higher value). The Chinese version of a company seal is known as a company chop[4] and takes the form of a usually circular stamp. What Osome Blog is the way Osome will tell you everything you need to know about how to start and run a business in Singapore and what services you may require to do it 1 day ago · Fastlane is your trusted business partner. Want a rubber stamp URGENTLY? We customised your Self-Inked and Pre-Inked Stamps instantly within minutes. Aim to transmit share in Singapore? Take a glance at our Jan 17, 2025 · Discover the key differences between a company chop and a common seal in Hong Kong, their purposes, uses, and why they remain relevant in business. Ensure compliance with Singaporean company laws while optimizing your business operations. These Nov 1, 2024 · The quick compare charts complement the Practical Law Contract Execution (Singapore) practice note and Contract Formation and Enforcement in Singapore Q&A, which were also contributed by Allen & Gledhill. 2 Attestation requires physical attestation, and witnessing over virtual means is Basic Knowledge About Company Stamp in Singapore You Must Understand Companies use a variety of methods to manage their core business operations. Previously, it passed when the seller and buyer Apr 30, 2024 · Hongda’s Company Stamp Management Service Introduction Our Company Stamp Management Service is designed to protect and manage your company's critical documents and stamps. Common seal supplier in Singapore has a pretty much heavy job because for example stationery shops do order the red seal stickers as most customers are more Jun 3, 2024 · Although Singapore has its law system rooted in the English legislation, there are many provisions and contract stipulations that are customary only in this region. Its sources of law are the Singapore Constitution, legislation, subsidiary Singapore companies (incorporated pursuant to the Singapore Companies Act (Cap. We commit to securely store all company stamps and related certificates, ensuring that these materials are not used or disclosed to third parties without authorization. Get a comprehensive guide to the procedures and process for a transfer of shares by companies, including documentation requirements. merely by the application of the relevant statutory rules and not through Sep 10, 2024 · Review the best online casino games of the best developers of games of chance online. The 2017 Amendment has made significant changes to the manner in which companies are regulated in Singapore. Feb 27, 2019 · Before 31st March 2017, a Singapore company executing a document as a deed was required to affix the company’s common seal on the deed in accordance with the company’s constitution. This Practice Direction is issued to draw the attention of companies to the amendments to section 144 of the Companies Act 2. These handy stamps are clean and easy to use, ideal for desks or briefcases. China company stamp guide. It’s commonly used to authenticate everyday documents like invoices, letters, and receipts, giving them. Aug 16, 2018 · SINGAPORE: Companies will no longer need to affix their company stamps on government forms starting this October, unless required by legislation. This includes tender-related documents submitted Explore our Business Compendium for valuable insights on Company Stamp and other essential topics about conducting business in Singapore. Jun 30, 2019 · After amendments to the Companies Act in 2017, it is not mandatory for companies to have a company common seal and a company stamp. 157); Transfers of shares of a company incorporated in Singapore (Section 128 of the Companies Act (Cap. Mar 29, 2017 · On 10 March 2017, Singapore's Parliament passed a number of amendments to the Companies Act that is to take effect in various tranches, the first of which takes effect on 31 March 2017 and involves the removal of the requirement for a Singapore company to have a company seal. All you have to do is select a design from the offered variety and provide company-specific information. What is a company chop? A company chop is a company’s rubber stamp. Both play distinct roles in business documentation and legal authentication processes. ntu. Regulated under the Contracts Act and common law principles, a valid contract in Singapore must include offer, acceptance, consideration, and an intention to create legal relations. Sep 4, 2025 · In Singapore, a company stamp—also known as a "company chop"—is a physical imprint bearing your company’s name, UEN, logo, or other essential details. For foreign businesses eager to tap into China’s burgeoning market, getting In Singapore, the process of share transmission, or the legal transfer of shares due to significant events like a shareholder’s death, is governed by a combination of factors, including the company’s constitution, the Companies Act (Chap. With Browse Free, editable Stamp templates, Rubber Stamp Designs, Seals & Formats online During the operation process, the company seal is an important component, often used to stamp internal enterprise documents, economic contracts, etc. After registering the company, the owner receives a standard document, including a company seal and rubber stamp. Feb 18, 2024 · For hundreds of years, company chops and company seals served as the final stamp of approval on a contract, and was the way companies validated and authenticated their corporate legal documents. Call 67487170 or Whatsapp 9113 9305. Apr 21, 2023 · FAQs What is a company seal, and why is it essential in China? A company seal, or "chop," is a stamp used to authenticate a company's identity and signify its agreement to the terms of a contract. As a company looking to do business in Hong Kong and China, are company chops and company seals still relevant and how are they used? Frequently Asked Questions Q: Can companies and LLPs choose to retain the use of a common seal? A: Yes, companies and LLPs can choose to retain the use of a common seal based on business needs. Stamp duty is levied on a transfer of shares in a Singapore company where the transfer is executed in Singapore or the legal transfer document is brought into Singapore. If you are planning to start a business in Singapore or already running one, understanding the legal framework is essential. We are a specialist in rubber stamp making, serving corporate and individual needs across Singapore. To which documents does stamp duty apply? Low priced express self Inking rubber stamp chop maker, sticker printing, business name card printing in Singapore besides MRT. Previously, a company could only execute a document by affixing its Sep 11, 2025 · Learn the correct process to transfer shares of Singapore companies and insights from Singapore lawyers on compliance, documents, and best practices. The term reportedly came from Indian English. As directors, if the offence is of a criminal nature, you may be personally liable for fines The Singapore Stamp Duty Act and the Stamp Duties (Relief from Stamp Duty upon Transfer of Assets between Associated Permitted Entities) Rules 2014 provides for relief of stamp duty in respect of a transfer of shares in a Singapore company made between associated entities. May 11, 2020 · Company seal A company seal, or common seal, is an official seal by the company to endorse documents like deeds and share certificates. Call +65 6733 3362. Directors in Singapore also owe fiduciary duties to act in the interests of the company at common law. 332); Section 37 (2) (b) Registered Apr 23, 2017 · Stamp duties on the sale of Singapore-incorporated company shares in private mergers and acquisitions were traditionally payable only at the point of transfer, which is effected via share transfer forms. This note seeks to put the issues in the particular context of cross-border transactions, since it is in this Definition Company Seal: The company seal is also called as corporate/common seal, which mostly accessed in the common jurisdictions such as Singapore. This guide covers their use, regulations, and importance for businesses. In this way Singapore stamp duty is chargeable on the mortgage of Singapore immovable property and stock or shares, or any transfer of any interest in Singapore immovable properties (including leases) and shares in Singapore companies or companies which maintain a share register in Singapore (Stampable Property). Legal Nov 24, 2022 · Accompany any stamped document with the company chop. Feb 2, 2024 · A company seal, also known as a common seal, is mostly used in common law jurisdictions like Singapore. According to section 41B of the Companies Nov 14, 2024 · Understand the difference between a company seal and a company stamp. What is the Chinese company stamp? Anything stamped with the official company seal is considered to be on behalf of the company’s will in China. This practice is deeply rooted in common law jurisdictions, including: Hong Kong law Australia Canada India New In this chapter Legal system Taxation authorities Business vehicles Financing a corporate subsidiary Corporate income tax Cross-border payments Payroll taxes Indirect taxes Property taxes and stamp duty Legal system Singapore operates under a common law legal system, which can be traced back to the English legal system. However, there’s still the question of the legal value of the company stamp Jan 3, 2018 · How the Updated Companies Act Changed the Common Seal Use The Companies (Amendment) Act 2016 amended the Companies Act 2016 (CA 2016) to provide for a new way of executing documents by companies. How it looks: On average, the common seal contains the name of the company. In some cases, the use of a company chop is mandatory to complete transactions or decisions. May 21, 2024 · Electronic Signature Laws & Regulations - SingaporeElectronic signatures are commonly used for all types of transactions in Singapore, and their use is increasing as a result of expanded use by local companies now that certain cross border trade documents (such as bills of exchange) can be signed electronically. The practice note provides an overview of the execution requirements for contracts in Singapore. Custom self-inking stamps for business and personal use are available in a variety of sizes and can be customized to your needs. However, there will be cases in which the date on which title transfers will mean an awful lot. You can choose from plenty of providers who make custom company stamps for Singapore entrepreneurs. 43) and the Land Titles Act (Cap. If you require further advice, please reach out to your usual Linklaters contact or the contacts set 1. One such pivotal custom is the use of the Company Chop in China—a symbol that goes beyond a mere stamp, embodying a company’s commitment and credibility. As a company director, you must ensure that your company is compliant and follows regulatory requirements, failure to do so will subject your company to fines and/or penalties. Companies usually use this official seal to endorse documents such as contracts, deed, and share certificates. We carry several major stamp holder brands (COLOP, SHINY and MAX). Therefore, enterprises need to comply with legal regulations on seals. Correctly using a Chinese company stamp involves chopping in red ink in a circular shape and ensuring the chop’s name matches the Chinese company name. Apr 29, 2024 · Is a company stamp still required in Singapore? Learn when it's legally needed, what documents it applies to in our blog. This designation means that a shareholder’s liability to the company’s creditors is limited to the amount of share capital originally invested in Aug 7, 2017 · Following the recent amendments to the Stamp Duties Act (SDA), which took effect on 11 March 2017, key changes have been made to Singapore’s stamp duty regime that significantly affect share transfers of Singapore companies. For a company stamp to be legally accepted, it must have the company name and registration date as a basic prerequisite. In summary, these changes are designed to improve transparency about the ownership and control of the company, reduce regulatory burden, improve the ease of doing business and simplify the restructuring of a company’s debt. In other words, if a Chinese company affixes its official company seal when signing a contract with you, the Chinese company will be bound by the contract according to Chinese law. Sep 25, 2024 · Securitisation Law: Singapore - In-Depth: Securitisation Law (formerly The Securitisation Law Review) provides legal practitioners, borrowers, lenders and other market participants with key Moved Permanently. The legal representative must control stamp usage and ensure it is used for its intended purposes. Apr 29, 2025 · Register your company in Singapore and learn about company incorporation including which business entity suits your business needs as you expand from overseas. In Hong Kong, they normally include the company name in English and/or Chinese and are stamped in blue or All service fees should be based on the actual quotation provided by our company for each individual case. Company chops, also known as seals or stamps, are essential for business transactions in China. Doing this would identify any instances where a stamp has been misused. They are simple to re-ink and ideal for rapid, repetitive stamping. [5] Partially derived from East Asian seals, the chop has great legal significance and represents the whole company. The round shape commonly features the company’s Chinese name or logo at the center, also surrounded by its English name, while the Company chops – sometimes referred to as a seal or stamp – are mandatory for doing business and replace signatures that are used in Western countries. Stamp Duty is levied at the ad valorem rate or at a fixed amount set for each document. This is useful if you are looking to incorporate or have an existing company. For borrowers who are Singapore companies, deeds may be executed by: (a) affixation of the company's common seal of the company in accordance with the terms of its constitution;1 or (b) without its common seal by signature of prescribed officials of the company. The calculation can vary depending on the nature of the company and the value of the shares. How does it look like? At the… The post Company Seals vs Rubber Stamps in Singapore: When to Use What appeared first on SingaporeLegalAdvice. Feb 27, 2024 · What is Hong Kong Company Chop? A Hong Kong company chop, typically a rubber stamp, bears the company’s name in both Chinese and English, sometimes including a registration number, and is available in round or rectangular shapes with blue or black ink. The materials required for completing a transfer of Stamp duty is levied on a transfer of shares in a Singapore company where the transfer is executed in Singapore or the legal transfer document is brought into Singapore. On 6 February 2004, Parliament passed the Companies (Amendment) Act 2004. FAQs Q: What is the stamp duty on share transfers in Singapore? A: The stamp duty on share transfers in Singapore is 0. If the document creating the security is executed in Singapore, the registration must be made within 30 days of creation of the Jun 27, 2022 · After setting up company in Singapore, there are many documents such as contracts, share certificates and deeds that need to be prepared. AdCom is Singapore’s leading rubber stamp maker that provides Pre Inked rubber stamps for company, schools and other organisations. ueg ltrtw zdhi aaptoe oavg vbieiuf bzht yxxc gzauy pcdsc