Not For Profit Organisations And What You Need To Know About Common Seal Stamps.
Custom Made Common Seals In Rubber Stamp Format And In Digital Stamp Format: All You Need To Know.
Where do company seals come from and why are they used?
In antiquity, seals comprised of either a picture or inscription determining the identity or authenticity of the persons or institution involved. At the time, these seals were either carved out of stone or inscribed onto clay. In later years, copper alloy was used as a medium for casting and then even more recently, rubber was used. In present times, seals are used largely to authenticate legal or financial documents. A rubber stamp common seal or company seal is therefore merely a device used to apply inked markings of identification or authenticity of an institution to paper.
Banks usually require a not-for-profit organisation to have a common seal stamp. Such stamps are also referred to as ‘company stamps’ and in Eastern countries they are called ‘company chop’. In New Zealand it is no longer mandatory for profit making business entities to have such a stamp, but not-for-profit organisations, banks do require them. This requirement is probably ascribed to the vigilant processes associated with The Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act): Read more about the above act here; www.dia.govt.nz/AML-CFT-Act-and-Regulations
We at Stamps Plus custom make common seals stamps in both rubber stamp format and in digital format right here in our factory. The latter product offering of digital common seals was pioneered by us at Stamps Plus in New Zealand and is unique to us. There are a number of size options and ink colours to choose from in obtaining your common seal rubber stamp. Please click on the link provided here for more information and for a quick, safe and easy ordering process: Common Seal Stamps By Stamps Plus
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