Company seals are often used for papers, transactional documents of a company or some other documents. Some sort of documents shall be invalid without a company seal. The Law on Enterprises 2014 contains many new regulations on freedom of a company in deciding the quantities and formality of its seals. However, there are some facts that companies should pay attention to:
Quantities and formality of company seals are decided by the company.
Regulations in the Articles of Association or Decision on Company seal:
Please notice that if a company has several seals, separation of responsibilities and power for seal use is very important and should be determined to avoid future disputes.
Contents of seals:
Seal announcement after establishing the company:
The company shall send a notice to the Business Registry Office to post the seal sample on the National Portal of Business Registration.
Images, languages cannot be used for the seal:
Disputes arising between a company and other individuals, organizations related to words, symbols and images in the contents of the seal shall be settled at the court or arbitration center.
A company take its responsibilities under the laws for contents and use of its seals. The company shall stop using the seals that have words, symbols or images that violate the laws and pay damages under the decision of the court or arbitration center.
Legal consulting service for enterprises and investment at Viet An Law Firm:
If you are looking for legal advice about enterprises and investment in Vietnam, please feel free to contact Viet An Law Firm for more information!
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