Singapore Company seal - an outdated practice
I sold my unit in midview city. The lawyer asked me to sign a document with a company seal.

I did not use the company seal for more than ten years. Indeed, this is the first time that I am using the company seal.

Surely there is a better way to executive the transfer of the property than to use the company seal?  Why use an outdated process that started a few centuries ago?

I was also asked to bring the "company chop". The company does not register the chop. It is required for many documents, including applications to government agencies and business entities. 

Anybody can pay $5 to make a company chop of another company.

Singapore is still continuing with outdated and inefficient processes. 

Tan Kin Lian

Vote - do you agree that these are outdated and impractical measures?

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You are right that using company seals is outdated and inefficient. In fact, Parliament has recognised the same problem, and since 31 Mar 2017, s 41B of the Companies Act has allowed companies to execute deeds without seals. It is the lawyer whose legal knowledge is outdated.

Lim  04 Mar 2022  

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