These seals have the additional legend of the territory or the word SECURITIES.
[3] Traditionally, the seal was of some legal significance because the affixing of the seal signified that the document was the act and deed of the company, whereas when a document was merely signed by a director, then that was deemed to be an act carried out on behalf of the company by its agents, which was subject to applicable restrictions and limitations under the ordinary law of agency.
[5] Partially derived from East Asian seals, the chop has great legal significance and represents the whole company.
[7] Hong Kong also has a system of company chops, but it is not mandatory and can be replaced by a signature.
[9] The company chop plays a central role in the two-year dispute between Arm Ltd. and its Chinese subsidiary.