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Authorized Signatory Form for Singapore

Authorized Signatory Form Template for Singapore

An Authorized Signatory Form under Singapore law is a formal document that designates specific individuals to sign documents and enter into binding agreements on behalf of a company. It complies with Singapore's Companies Act and related regulations, establishing clear parameters for signatory authority and typically includes specimen signatures, scope of authority, and necessary corporate approvals.

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What is a Authorized Signatory Form?

The Authorized Signatory Form is a crucial corporate governance document used in Singapore to formally delegate signing authority within organizations. It serves as official documentation of who can legally bind the company in various transactions and dealings. The form typically includes detailed information about the authorized individual, their powers and limitations, specimen signatures, and relevant board approvals. Under Singapore law, this document is essential for compliance with the Companies Act and various regulatory requirements, particularly in banking, corporate, and commercial transactions. It provides third parties with clear evidence of an individual's authority to act on behalf of the company.

What sections should be included in a Authorized Signatory Form?

1. Company Information: Legal name, registration number, registered address

2. Authorized Individual Details: Full name, designation, NRIC/Passport number

3. Scope of Authority: Specific powers and limitations of the signatory

4. Specimen Signature: Official signature sample of the authorized person

5. Certification: Board resolution reference or director's certification

What sections are optional to include in a Authorized Signatory Form?

1. Transaction Limits: Monetary limits for transactions, used when authority is financially restricted

2. Joint Signing Requirements: Details of joint signature requirements, used when multiple signatures are needed

3. Digital Signature Authorization: Authorization for electronic signatures, used when electronic signing is permitted

What schedules should be included in a Authorized Signatory Form?

1. Board Resolution Extract: Copy of relevant board resolution appointing the signatory

2. Identity Documents: Copies of NRIC/Passport of authorized signatory

3. Additional Verification Documents: Any supporting documents required for specific industries or purposes

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

Singapore

Publisher

Ƶ

Document Type

Authorization Form

Cost

Free to use
Relevant legal definitions















Clauses















Industries

Companies Act (Cap. 50): Primary legislation governing corporate entities in Singapore, covering requirements for company officers, authorized representatives, document execution, and powers of authorized signatories

Electronic Transactions Act (Cap. 88): Legislation governing electronic transactions, including provisions for electronic signatures and legal recognition of electronic documents

Banking Act (Cap. 19): Legislation governing banking operations, including requirements for specimen signatures and banking transaction authorizations

Evidence Act (Cap. 97): Legislation governing documentary evidence and authentication requirements for documents in Singapore

Registry of Companies and Businesses Regulations: Regulatory requirements for filing and registration of authorized signatories and corporate governance requirements

Personal Data Protection Act 2012 (PDPA): Legislation governing the collection, use, and disclosure of personal data, including consent requirements

AML/CFT Requirements: Anti-Money Laundering and Countering the Financing of Terrorism requirements, including KYC and due diligence procedures

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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