A Board Resolution For Closure Of Subsidiary Company is required when a parent company decides to terminate operations of its subsidiary in Singapore. This document is essential for compliance with Singapore's Companies Act and ACRA regulations, typically used when a subsidiary is no longer commercially viable or aligned with the parent company's strategic objectives. The resolution must include specific details about the closure process, appointment of liquidators, handling of assets and liabilities, and authorization of specific individuals to execute the closure. It forms the foundation for all subsequent closure activities and is a key document for regulatory filings.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Title and Date: Identifying details of the resolution and meeting date
2. Preamble: Company details and meeting context
3. Attendance: List of directors present and quorum confirmation
4. Background: Reasons for subsidiary closure and financial context
5. Resolutions: Formal decisions regarding closure, appointment of liquidator, and authorization of actions
6. Closure: Signatures and certification of resolution
1. Appointment of Representatives: Specific section for when dedicated individuals need authorization to handle closure procedures. Used for complex closures requiring dedicated representatives.
2. Asset Disposal Instructions: Specific instructions for handling company assets. Used when subsidiary has significant assets requiring specific disposal procedures.
3. Employee Matters: Specific provisions for employee termination and benefits. Used when subsidiary has employees that need to be terminated.
1. Schedule of Assets: Detailed list of subsidiary's assets for disposal
2. List of Outstanding Obligations: Schedule of creditors and financial obligations
3. Supporting Documents: Relevant financial statements, tax clearances, and regulatory approvals
4. Power of Attorney: Documentation for appointed representatives authorized to handle closure procedures
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Special Board Resolution
A formal document recording major board decisions under Singapore company law, requiring special notice or higher voting thresholds.
find out more
Resolution To Add Signatory To Bank Account
A Singapore-law governed corporate resolution authorizing a new bank account signatory, compliant with local banking and company regulations.
find out more
Resolution For Transfer Of Shares
A Singapore corporate document authorizing and recording the transfer of shares between parties under Singapore law.
find out more
Omnibus Board Resolution
A Singapore-compliant corporate document that consolidates multiple board decisions into a single formal resolution.
find out more
Non Profit Resolution To Open Bank Account
A formal resolution under Singapore law authorizing the opening and operation of a bank account for a non-profit organization.
find out more
First Board Meeting Resolution
A formal document recording the initial decisions made by the board of directors of a newly incorporated Singapore company.
find out more
Directors Resolution For Dividends
A Singapore corporate document recording the board's formal decision to declare and pay dividends to shareholders.
find out more
Closure Of Bank Account Board Resolution
A Singaporean corporate document recording board approval for closing bank accounts, compliant with local regulations.
find out more
Change Of Directors Resolution
A formal Singapore corporate document recording changes to company directorship, required by ACRA and the Companies Act.
find out more
Board Resolution For Call On Shares
A Singapore corporate document recording the board's decision to require payment on partly paid shares.
find out more
Board Resolution For Bank Guarantee
A Singapore-compliant corporate resolution authorizing the procurement of a bank guarantee and designating authorized signatories.
find out more
Board Resolution For Appointment Of Nominee Director
A Singapore-compliant board resolution documenting the formal appointment of a nominee director to a company's board.
find out more
Board Resolution For Appointment Of Corporate Representative
A Singapore corporate document authorizing the appointment of a representative to act on behalf of the company.
find out more
Board Resolution For AGM
A formal document recording resolutions passed at a company's Annual General Meeting under Singapore law.
find out more
Board Resolution For Acquisition Of Business
A Singapore board resolution documenting directors' approval for business acquisition and authorizing its execution.
find out more
Board Resolution Change Of Registered Office
A Singapore corporate document recording the board's formal approval to change the company's registered office address.
find out more
Board Resolution Authorizing Issuance Of Shares
A Singapore corporate document recording the board's formal authorization to issue new shares in accordance with Companies Act requirements.
find out more
Board Resolution Authorized Representative
A Singapore-compliant board resolution appointing an authorized representative with specific powers to act on behalf of the company.
find out more
Board Resolution Approving Financial Statements
A Singapore corporate document recording board approval of company financial statements in compliance with Companies Act requirements.
find out more
Board Resolution Accepting Resignation Of Director
A Singapore corporate document formally recording the board's acceptance of a director's resignation.
find out more
Board Resolution To Change Registered Agent
A Singapore corporate document recording the board's formal decision to change the company's registered agent, as required by ACRA.
find out more
Board Resolution Ratifying Prior Acts
A Singapore corporate document that formally approves and validates previous company actions through board resolution.
find out more
Board Resolution For Working Capital Loan
A Singapore-compliant corporate resolution authorizing the company to obtain a working capital loan from a financial institution.
find out more
Board Resolution For Transfer Of Vehicle
A Singapore corporate document authorizing the transfer of vehicle ownership through a formal board resolution.
find out more
Board Resolution For Sale Of Shares Of Subsidiary Company
A Singapore corporate document authorizing the sale of shares in a subsidiary company through board approval.
find out more
Board Resolution For Sale Of Company Property
A Singapore-compliant corporate document recording board approval for the sale of company property and authorizing its execution.
find out more
Board Resolution For Resignation Of Company Secretary
A formal board resolution under Singapore law documenting the acceptance of a company secretary's resignation and ensuring compliance with ACRA requirements.
find out more
Board Resolution For Purchase Of Shares Of Other Company
A Singapore board resolution documenting the approval to purchase shares in another company, in compliance with local corporate laws.
find out more
Board Resolution For Private Limited Company
A formal document recording decisions made by a company's Board of Directors in Singapore, complying with the Companies Act and ACRA requirements.
find out more
Board Resolution For Opening A Branch Office
A formal board resolution authorizing the establishment of a branch office in Singapore, compliant with local regulatory requirements.
find out more
Board Resolution For Joint Venture
A Singapore-compliant board resolution authorizing the formation of a joint venture and delegating necessary powers to execute the arrangement.
find out more
Board Resolution For Increase In Paid Up Capital
A Singapore corporate document recording the board's formal decision to increase the company's paid-up capital.
find out more
Board Resolution For Increase In Authorised Share Capital
A Singapore corporate document recording the board's formal decision to increase the company's authorized share capital limit.
find out more
Board Resolution For Incorporation Of Company
A formal Singapore board resolution documenting decisions made for incorporating a new company under Singapore law.
find out more
Board Resolution For Digital Signature
A Singapore-compliant board resolution authorizing the implementation and use of digital signatures for corporate documents.
find out more
Board Resolution For Declaration Of Dividend
A Singapore corporate document recording the board's formal decision to distribute dividends to shareholders, in compliance with Companies Act requirements.
find out more
Board Resolution For Creation Of Charge
A Singapore corporate document recording board approval for creating security over company assets, complying with Companies Act requirements.
find out more
Board Resolution For Closure Of Subsidiary Company
A formal Singapore corporate document recording the board's decision to close a subsidiary company, complying with local corporate law requirements.
find out more
Board Resolution For Closure Of Business
A formal Singapore corporate document recording the board's decision to close the business and initiate the winding-up process.
find out more
Board Resolution For Change Of Financial Year
A Singapore corporate document recording the board's formal decision to change the company's financial year end date, in compliance with Companies Act requirements.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)