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Board Resolution For Private Limited Company
"I need a Board Resolution For Private Limited Company to authorize the opening of a new corporate bank account with DBS Bank Singapore and designate our new CFO, Sarah Chen, as a signatory with transaction limits of SGD 500,000."
1. Title and Date: Identifying information of the resolution and meeting date
2. Preamble: Company details and meeting information including company name, registration number, and registered address
3. Attendance: List of directors present and absent at the meeting
4. Quorum: Confirmation of valid quorum as per company constitution requirements
5. Resolution(s): The actual decision(s) being made by the board, clearly stated and numbered if multiple
6. Signatures: Directors' signatures, names, and date of signing
1. Recitals: Background information explaining why the resolution is needed, used for complex decisions requiring context
2. Declarations of Interest: Directors' declarations of any conflicts of interest in relation to the resolution
3. Conditions Precedent: Conditions that must be met before resolution takes effect, used for resolutions dependent on external factors
1. Supporting Documents: Any relevant documents referenced in the resolution such as contracts, agreements, or correspondence
2. Financial Statements: Financial documents relevant to the resolution, if the resolution involves financial matters
3. Legal Opinions: Any legal advice or opinions received that are relevant to the resolution
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