Same here... no chop requirement at UOB... just signatures and directors resolutions indicating maximum amounts and signatures required.sundaymorningstaple wrote:Actually, today you don't need to chop a cheque. Only an authorized signature is required unless you make it a requirement with the bank that your company cheque must be both chopped and signed (both will be placed on the banks signature care if that is the case). That's up to the company directors though, and not up to the bank (I guess it could be a requirement for some banks, but our bank, OCBC doesn't required it & I believe DBS/POSB do not require it as well.
It's amazing to know that you already know what is a cheque when you were born. My 2 months old daughter just know how to cry when she is hungry. I'm stating my professional views and you have the right to believe in what you like.Mad Scientist wrote:Since the day I was born and when did my business over 15 years. Are you sure about question ?pacads wrote: Since when you are required to stamp on cheques? Are you very sure about this?
Fair comment. First of all although I am retired now, I had seven companies under my belt since 1985. Three of those are in Singapore. Still there now when I sold my shares to the new owners.pacads wrote:It's amazing to know that you already know what is a cheque when you were born. My 2 months old daughter just know how to cry when she is hungry. I'm stating my professional views and you have the right to believe in what you like.Mad Scientist wrote:Since the day I was born and when did my business over 15 years. Are you sure about question ?pacads wrote: Since when you are required to stamp on cheques? Are you very sure about this?
And now you can be very sure I'm not parroting anyone. It's pretty clear, isn't it?
Anyway I'm not here to quarrel with anyone and I don't participate in every thread. There are alot of wrong information shared in this thread, if anyone is looking for the right information, I would suggest you are better off elsewhere.
PS: I only make a simple post to prevent the blind from leading the blind and due to some allegations without merit, I've to make another 3 post to clarify. I really don't know which is sillier.
Isn't it more, these days, to how you set up the company and write the resolutions? If at the time of set-up and opening accounts the resolutions say a Company Stamp is required then that's it until resolved otherwise.Mad Scientist wrote: If some banks do away with it does not means all banks do the same right ??
Like I mention you have every right to believe what you want to believe in and I will not do anything to change your mind. Since you are already retired, I'd suggest you update yourself with the current situation in Singapore before you dish out advises. If you want to find out, you can call ALL the banks in Singapore.Mad Scientist wrote:Fair comment. First of all although I am retired now, I had seven companies under my belt since 1985. Three of those are in Singapore. Still there now when I sold my shares to the new owners.pacads wrote:It's amazing to know that you already know what is a cheque when you were born. My 2 months old daughter just know how to cry when she is hungry. I'm stating my professional views and you have the right to believe in what you like.Mad Scientist wrote: Since the day I was born and when did my business over 15 years. Are you sure about question ?
And now you can be very sure I'm not parroting anyone. It's pretty clear, isn't it?
Anyway I'm not here to quarrel with anyone and I don't participate in every thread. There are alot of wrong information shared in this thread, if anyone is looking for the right information, I would suggest you are better off elsewhere.
PS: I only make a simple post to prevent the blind from leading the blind and due to some allegations without merit, I've to make another 3 post to clarify. I really don't know which is sillier.
From Maybank , DBS, Standard Chartered and Citibank all our cheques has two authorise signatures and a company stamp on it. These are security features among other measures taken by the bank.
I am one of the authorise signatory hence I KNOW what I am talking about. Till now we are still using it. The company stamp and the authorise signatures will be a security measures when the company takes a loan or TD, FD, BG LC and even OD.
The company stamp is also used when you clear your goods from the custom against your LC authorise by the bank for one instances.
If some banks do away with it does not means all banks do the same right ??
If you think I am blind leading the blind then I think all the posts I contributed here is leading many people to pitch black bottomless hole.
BTW there are few of you or maybe yourself alone operating changing from one nick to another trying to promote your links, hmmmm??
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