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A Resolution Letter For Authorized Signatory is a critical corporate governance document used in the Philippines when a company needs to formally delegate signing authority to specific individuals. This document is essential for businesses operating under Philippine jurisdiction and is commonly required when opening bank accounts, entering into contracts, or conducting significant business transactions. The resolution must comply with the Philippine Corporation Code and typically includes details such as the scope of authority, transaction limits, and specific powers granted to the signatory. Banks and other institutions in the Philippines require this document to verify the legitimacy of corporate representatives conducting transactions on behalf of the company. The resolution needs to be properly executed through a board meeting or written consent, documented in the corporate records, and often requires notarization to be legally binding.

1. Letterhead and Date: Company letterhead with complete registered address and contact details, plus date of the resolution

2. Title of Resolution: Clear indication that this is a Board Resolution for Appointment of Authorized Signatory

3. Preamble: Standard resolution opening stating the company name, place of meeting, date, and presence of quorum

4. Corporate Authority: Statement confirming the board's authority to make such appointments under the company's articles of incorporation

5. Designation of Signatory: Clear identification of the person(s) being appointed as authorized signatory, including their full name and position

6. Scope of Authority: Detailed description of the specific powers and limitations of the signing authority being granted

7. Certification: Statement certifying that the resolution was properly passed in accordance with corporate bylaws

8. Signatures: Space for required signatures of board members/corporate secretary