Document background
A Board Resolution For Acquisition Of Shares is a critical corporate governance document required under UAE law when a company intends to acquire shares in another entity. This document is governed by Federal Decree-Law No. 32 of 2021 and must be prepared whenever a company's board approves a share acquisition transaction. The resolution serves multiple purposes: it formally records the board's decision, demonstrates proper corporate governance, provides authority for executing the transaction, and serves as evidence of compliance with UAE legal requirements. The document typically includes details of the proposed acquisition, confirmation of the board's authority, consideration of the company's best interests, and specific authorizations for implementation. For listed companies, additional requirements under Securities and Commodities Authority regulations must be addressed in the resolution.
