Document background
A Board Resolution For Bank Guarantee is a crucial corporate document required when a company needs to obtain a bank guarantee in Singapore. It demonstrates proper corporate authorization and compliance with local regulations, including the Companies Act and MAS guidelines. This document is typically needed for business activities requiring financial assurance, such as government tenders, project bids, or contract performance guarantees. The resolution specifies the type and amount of guarantee, authorized persons, and any conditions or limitations imposed by the board. It serves as the bank's primary evidence that the company has properly authorized the guarantee transaction.
