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Board Resolution For Purchase Of Assets
"Need a Board Resolution For Purchase Of Assets to approve the acquisition of manufacturing equipment valued at SGD 2.5 million, with specific authorization for our CFO to execute the purchase by March 2025."
1. Title and Date: Details of the company and date of resolution
2. Preamble: Statement confirming proper notice and quorum
3. Background: Context and reason for the asset purchase
4. Resolution Details: Specific details of the assets to be purchased and terms
5. Authorization: Authority granted to specific officers to execute the purchase
6. Certification: Authentication of the resolution by company secretary/director
1. Financing Arrangements: Details of any external financing required for the purchase
2. Shareholder Approval: Reference to shareholder approval requirements for major transactions
3. Risk Assessment: Overview of risk considerations for significant or high-risk asset purchases
1. Asset Schedule: Detailed list and description of assets to be purchased
2. Valuation Reports: Independent valuation of assets if applicable
3. Due Diligence Reports: Summary of due diligence findings if applicable
4. Board Meeting Minutes: Extract of relevant board meeting minutes
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