Hi,
No, it is not necessary to have the signature of the principal of your school in your class 10th marksheet for counselling. Class 10th marksheet is mainly used for as a proof of your date of birth and if you don't have the signature of your principal, it won't be any hurdle in your conselling. There is a very rare chance of anyone even noticing it so you don't need to worry about it.
I hope this helps,
All the best
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile