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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
Authors
Board of Directors
Assets
Purchase Price
Completion Date
Authorized Officers
Effective Date
Seller
Transaction Documents
Material Assets
Purchase Agreement
Consideration
Approvals
Valuation Report
Due Diligence Reports
Encumbrances
Signing Authority
Resolution Date
Governing Law
Corporate Representative
Purchase Terms
Security Interest
Title Documents
Transfer Documents
Permitted Use
Purpose of Resolution
Asset Description
Purchase Terms
Purchase Price
Payment Terms
Authorization
Execution Authority
Financing Approval
Due Diligence
Conditions Precedent
Regulatory Compliance
Asset Transfer
Documentation Authority
Certification
Further Actions
Registration Requirements
Board Approval
Signing Authority
Record Keeping
Statutory Compliance
Asset Valuation
Transaction Costs
Effective Date
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