A Board Resolution For Signing Authority is a crucial corporate governance document required under Indian law whenever a company needs to delegate the authority to execute documents and represent the organization in various transactions. This document is essential when companies need to authorize specific individuals to sign contracts, banking documents, legal agreements, or other important papers on behalf of the organization. It's commonly used during leadership changes, when setting up new bank accounts, entering into major contracts, or establishing new business relationships. The resolution must comply with the Companies Act, 2013, and other relevant Indian corporate laws, typically requiring approval in a properly convened board meeting. It's particularly important for maintaining clear accountability and ensuring smooth business operations while protecting the company's interests through proper authorization channels.
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1. Company Details: Full legal name of the company, CIN, registered office address
2. Meeting Details: Date, time, venue of the board meeting, and statement of proper convening
3. Directors Present: List of directors who attended the meeting and confirmation of quorum
4. Resolution Text: The main resolution text stating 'RESOLVED THAT' with clear specification of the authority being granted
5. Authorized Person Details: Full name, designation, and identification details of the person(s) being granted signing authority
6. Scope of Authority: Clear description of the scope and limits of the signing authority being granted
7. Duration: Period for which the authority is valid, if applicable
8. Authentication: Chairman's signature, company seal, and certification by Company Secretary
1. Preamble: Background information explaining why the resolution is needed, used when context is important for future reference
2. Financial Limits: Specific monetary limits of authority, included when authority is restricted to certain transaction values
3. Special Conditions: Any special conditions or restrictions on the signing authority, used when specific limitations apply
4. Joint Authority Requirements: Rules for joint signatures if multiple persons must sign together, used when implementing dual control
5. Revocation of Previous Authorities: Clause revoking previous signing authorities, included when replacing existing authorizations
1. Schedule A - List of Authorized Persons: Detailed list of all authorized persons with their specimen signatures and extent of authority
2. Schedule B - Document Categories: List of specific documents/contracts for which the signing authority is valid
3. Schedule C - Operating Instructions: Detailed instructions for exercising the signing authority, including any internal procedures
4. Appendix 1 - Supporting Board Resolution: Copy of any supporting or related board resolutions, if referenced
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Manufacturing
Information Technology
Retail
Healthcare
Real Estate
Infrastructure
Telecommunications
Education
Professional Services
Energy & Utilities
Transport & Logistics
Media & Entertainment
Pharmaceuticals
Non-Profit Organizations
Relevant Teams
Legal
Corporate Secretarial
Finance
Corporate Governance
Executive Leadership
Operations
Administration
Risk Management
Compliance
Treasury
Relevant Roles
Chief Executive Officer
Managing Director
Chief Financial Officer
Company Secretary
General Manager
Director
Department Head
Regional Manager
Branch Manager
Legal Counsel
Finance Manager
Operations Manager
Authorized Representative
Executive Director
Chief Operating Officer
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