Part 4A company’s capacity and related matters
Other matters
49Official seal for use abroad
1
A company that has a common seal may have an official seal for use outside the United Kingdom.
2
The official seal must be a facsimile of the company’s common seal, with the addition on its face of the place or places where it is to be used.
3
The official seal when duly affixed to a document has the same effect as the company’s common seal.
This subsection does not extend to Scotland.
4
A company having an official seal for use outside the United Kingdom may—
a
by writing under its common seal, or
b
as respects Scotland, by writing subscribed in accordance with the Requirements of Writing (Scotland) Act 1995,
authorise any person appointed for the purpose to affix the official seal to any deed or other document to which the company is party.
5
As between the company and a person dealing with such an agent, the agent’s authority continues—
a
during the period mentioned in the instrument conferring the authority, or
b
if no period is mentioned, until notice of the revocation or termination of the agent’s authority has been given to the person dealing with him.
6
The person affixing the official seal must certify in writing on the deed or other document to which the seal is affixed the date on which, and place at which, it is affixed.
50Official seal for share certificates etc
1
A company that has a common seal may have an official seal for use—
a
for sealing securities issued by the company, or
b
for sealing documents creating or evidencing securities so issued.
2
The official seal—
a
must be a facsimile of the company’s common seal, with the addition on its face of the word “Securities”, and
b
when duly affixed to the document has the same effect as the company’s common seal.
51Pre-incorporation contracts, deeds and obligations
1
A contract that purports to be made by or on behalf of a company at a time when the company has not been formed has effect, subject to any agreement to the contrary, as one made with the person purporting to act for the company or as agent for it, and he is personally liable on the contract accordingly.
2
Subsection (1) applies—
a
to the making of a deed under the law of England and Wales or Northern Ireland, and
b
to the undertaking of an obligation under the law of Scotland,
as it applies to the making of a contract.
52Bills of exchange and promissory notes
A bill of exchange or promissory note is deemed to have been made, accepted or endorsed on behalf of a company if made, accepted or endorsed in the name of, or by or on behalf or on account of, the company by a person acting under its authority.