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Board Resolution For Signing Authority for India

Board Resolution For Signing Authority Template for India

A Board Resolution for Signing Authority is a formal document issued under Indian corporate law that officially delegates the power to sign documents, contracts, and other legal instruments on behalf of the company. This resolution, governed by the Companies Act, 2013, specifies who can bind the company in legal and financial matters, detailing the scope of authority, any limitations, and specific powers granted. It typically includes the authorized signatory's details, the extent of their powers, any financial limits, and whether joint signatures are required. The resolution must be passed in a valid board meeting and properly documented in compliance with Indian corporate governance requirements.

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Board Resolution For Signing Authority

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What is a Board Resolution For Signing Authority?

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.

What sections should be included in a Board Resolution For Signing Authority?

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

What sections are optional to include in a Board Resolution For Signing Authority?

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

What schedules should be included in a Board Resolution For Signing Authority?

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

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

India

Publisher

Ƶ

Document Type

Board Resolution

Cost

Free to use
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

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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