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The Board Resolution For Purchase Of Car By Company is a crucial corporate document required under UAE law when a company intends to acquire a vehicle for business purposes. This resolution is mandated by UAE Federal Law No. 32 of 2021 and must comply with local transport authority regulations. It is typically used when companies need to document board approval for vehicle purchases, whether for executive transportation, company fleet expansion, or operational requirements. The document includes specific details about the approved purchase, including vehicle specifications, budget allocation, authorized signatories, and implementation instructions. It serves multiple purposes: demonstrating corporate governance compliance, providing authorization for the transaction, and supporting vehicle registration with UAE authorities. The resolution is particularly important for audit trails and corporate record-keeping, and may also be required by banks, vehicle dealers, or regulatory authorities as proof of proper corporate authorization.

1. Title and Date: Formal title of the resolution and date of the board meeting

2. Company Details: Full legal name of the company, registration number, and registered address

3. Attendance and Quorum: List of board members present and confirmation of meeting quorum

4. Background: Brief context explaining the need for the vehicle purchase

5. Resolution Details: Specific details of the board's decision including vehicle details, purchase price, and authorization

6. Authorization: Specific powers granted to designated company representatives to execute the purchase

7. Financial Terms: Details of payment method and source of funds

8. Execution: Signature block for board members and company seal requirements