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A Board Resolution For Authorization To Sign Loan Documents is a crucial corporate governance document required when a Singapore company intends to enter into loan agreements. This resolution is typically needed when securing business loans, credit facilities, or other financing arrangements. It demonstrates compliance with both internal corporate governance requirements and external regulatory requirements under Singapore law. The resolution specifies who can sign loan documents, their authority limits, and often includes details of the specific loan facility. It provides protection for both the company and the lender by ensuring proper authorization and documentation of the board's approval.
