| Commentary

168 Sealing of certificates and other formalities

| Commentary

168 Sealing of certificates and other formalities

A share certificate under the common seal of the company specifying any shares held by a member is prima facie evidence of his title to the shares1. A company which has a common seal may have an official seal for sealing the securities it issues or documents creating or evidencing such securities. The company’s official seal must be a facsimile of its common seal with the addition on its face of the word ‘Securities’2. The official seal, when duly affixed to a document, has the same effect as the company’s common seal3.

It is

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