Document background
A Board Resolution For Closure Of Subsidiary Company is required when a parent company decides to terminate operations of its subsidiary in Singapore. This document is essential for compliance with Singapore's Companies Act and ACRA regulations, typically used when a subsidiary is no longer commercially viable or aligned with the parent company's strategic objectives. The resolution must include specific details about the closure process, appointment of liquidators, handling of assets and liabilities, and authorization of specific individuals to execute the closure. It forms the foundation for all subsequent closure activities and is a key document for regulatory filings.
