Document background
A Board Resolution Approving Sale Of Shares is a crucial corporate document required under Singapore law when company shares are being transferred between parties. It serves as official evidence that the board of directors has approved the share transfer in accordance with the company's constitution and the Companies Act. The resolution must detail the specific terms of the sale, including number of shares, price, parties involved, and any conditions. This document is particularly important for maintaining proper corporate governance records and may be required by regulatory authorities, banks, or other stakeholders as proof of valid authorization.
