Document background
A Board Resolution Authorizing Issuance Of Shares is a crucial corporate document required whenever a Singapore company wishes to issue new shares. It demonstrates compliance with the Companies Act 1967 and the company's constitution, providing evidence that the share issuance has been properly authorized by the board of directors. This document is particularly important during funding rounds, employee share schemes, or corporate restructuring, and must contain specific details about the share issuance including price, class, and recipients. It forms part of the company's permanent records and may be required by various stakeholders including regulators, auditors, and potential investors.
