Friday, March 04, 2022

Company seal - an outdated practice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 Why use an outdated process that started a few centuries ago?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Singapore is still continuing with outdated and inefficient processes.

5 comments:

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