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Authorised Signatory Resolution
"I need an Authorised Signatory Resolution for our Saudi trading company to appoint our new CFO as a sole signatory with authority to execute banking transactions up to SAR 500,000, effective from March 1, 2025."
1. Company Details: Full legal name of the company, commercial registration number, and registered address
2. Resolution Date: Date of the board meeting or shareholders' resolution where the authority was granted
3. Authority Reference: Reference to the constitutional documents or board meeting minutes granting the power to issue this resolution
4. Signatory Identification: Full details of the authorized signatory including name, nationality, ID/passport number, and position
5. Scope of Authority: Detailed description of the powers being granted, including any financial limits and types of transactions covered
6. Duration: Period for which the authority is valid, including start date and expiry date if applicable
7. Execution Requirements: Requirements for valid execution of documents (e.g., use of company stamp, joint signatures if required)
1. Special Conditions: Additional conditions or restrictions on the exercise of authority - used when specific limitations need to be imposed
2. Replacement of Previous Authorities: Section revoking previous authorizations - used when replacing existing signatory arrangements
3. Joint Signature Requirements: Details of joint signature requirements - used when multiple signatures are required for certain transactions
4. Geographic Limitations: Territorial scope of authority - used when authority is limited to specific regions or countries
5. Delegation Powers: Authority to sub-delegate powers - used when the signatory needs ability to delegate authority to others
1. Schedule 1 - Specimen Signature: Specimen signature of the authorized signatory(ies)
2. Schedule 2 - Transaction Limits: Detailed breakdown of financial and transaction limits if applicable
3. Schedule 3 - Corporate Documents: Copies of relevant corporate approvals (board resolutions, shareholder resolutions)
4. Schedule 4 - ID Documents: Copies of identification documents of authorized signatories
5. Appendix A - Specific Transactions: List of specific transactions or agreements for which authority is granted, if authority is transaction-specific
Authors
Banking and Financial Services
Real Estate
Manufacturing
Trading
Technology
Healthcare
Construction
Energy
Retail
Professional Services
Telecommunications
Transportation and Logistics
Education
Hospitality
Government and Public Sector
Legal
Finance
Corporate Governance
Compliance
Treasury
Operations
Corporate Secretariat
Risk Management
Administrative
Executive Office
Chief Executive Officer
Chief Financial Officer
Managing Director
General Manager
Country Manager
Finance Director
Legal Director
Company Secretary
Board Director
Regional Director
Operations Director
Treasury Manager
Compliance Officer
Corporate Governance Officer
Senior Legal Counsel
Finance Manager
Branch Manager
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