LLC Certificate Of Authority Generator for United Arab Emirates

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Key Requirements PROMPT example:

LLC Certificate Of Authority

"I need a UAE LLC Certificate of Authority for our Finance Director and Operations Manager, granting them joint signing authority for transactions up to AED 500,000, with specific powers for banking operations and contract execution, effective from March 1, 2025."

Document background
The LLC Certificate of Authority is a crucial corporate governance document required for Limited Liability Companies operating in the United Arab Emirates. It is typically issued when a company needs to formally delegate authority to specific individuals to conduct business operations, sign contracts, or represent the company in various capacities. The document must comply with the UAE Federal Commercial Companies Law (Federal Law No. 2 of 2015) and is often required by banks, government authorities, and business partners as evidence of an individual's authority to act on behalf of the company. The Certificate includes detailed information about the scope of authority, monetary limits, duration, and any specific conditions or restrictions, making it an essential tool for risk management and corporate compliance in the UAE business environment.
Suggested Sections

1. Company Identification: Full legal name of the LLC, trade license number, and registered address

2. Meeting Details: Reference to the board/shareholders meeting where the authority was granted, including date and location

3. Authorized Person(s): Details of the individual(s) being granted authority, including full name, nationality, and Emirates ID/Passport numbers

4. Scope of Authority: Detailed description of the powers being granted, including specific transactions and actions the authorized person can undertake

5. Financial Limits: Monetary thresholds and limitations on the authority granted

6. Duration: Period for which the authority is valid, including start and end dates

7. Execution Requirements: Requirements for executing documents, including whether sole or joint signatures are required

8. Certification: Official certification by the company secretary or authorized officer regarding the accuracy of the information

Optional Sections

1. Delegated Powers: Section specifying whether the authorized person can delegate their authority to others - included when delegation is permitted

2. Territorial Scope: Geographic limitations on the authority - included when authority is limited to specific emirates or regions

3. Specific Exclusions: List of actions specifically excluded from the scope of authority - included when certain powers are explicitly withheld

4. Reporting Requirements: Obligations to report actions taken under the authority - included for high-value or sensitive authorizations

5. Revocation Procedure: Process for revoking the authority - included when specific revocation procedures are required

Suggested Schedules

1. Schedule 1 - Authorized Transactions: Detailed list of specific transactions or actions that are authorized

2. Schedule 2 - Specimen Signatures: Verified signatures of all authorized persons

3. Schedule 3 - Supporting Documents: Copies of relevant board resolutions, powers of attorney, or other supporting documentation

4. Appendix A - Company Authorization Matrix: Matrix showing different levels of authority and corresponding approval requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Banking and Financial Services

Real Estate

Manufacturing

Trading

Technology

Construction

Healthcare

Retail

Professional Services

Hospitality

Transportation and Logistics

Energy

Telecommunications

Relevant Teams

Legal

Compliance

Corporate Governance

Finance

Operations

Risk Management

Corporate Secretariat

Executive Office

Administration

Treasury

Relevant Roles

CEO

Managing Director

General Manager

Chief Financial Officer

Legal Counsel

Company Secretary

Board Director

Compliance Officer

Operations Manager

Finance Manager

Branch Manager

Department Head

Authorized Signatory

Corporate Governance Officer

Risk Management Officer

Industries
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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