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Board Resolution For Purchase Of Car
"I need a Board Resolution For Purchase Of Car for my Singapore manufacturing company to authorize the purchase of a fleet of three delivery vans, with a total budget of SGD 450,000, with authorization for our Operations Director to handle the purchase process."
1. Title and Date: Identifies the document as a board resolution with date of meeting
2. Company Details: Full legal name and registration number of the company
3. Attendees: List of directors present at the meeting
4. Quorum Confirmation: Statement confirming meeting quorum requirements are met
5. Resolution Details: Specific details about the vehicle purchase approval
6. Financial Authorization: Approved purchase amount and payment terms
7. Execution Authority: Names and powers of persons authorized to execute purchase
1. Vehicle Specifications: Detailed description of the vehicle, used when specific vehicle already identified
2. Financing Terms: Include when purchase involves loan or hire purchase arrangements
3. Insurance Requirements: Specific insurance requirements, if beyond statutory minimum
1. Vehicle Quotation: Detailed quotation from dealer including specifications and price
2. Financial Analysis: Cost-benefit analysis or financial justification for purchase
3. Delegation of Authority Matrix: Company's approval hierarchy and limits, if referenced
Authors
Board
Directors
Vehicle
Purchase Price
Authorized Representatives
Certificate of Entitlement
COE
Resolution Date
Transaction Documents
Dealer
Registration Documents
Purchase Agreement
Financing Documents
Insurance Policy
Signing Authority
Financial Year
Meeting
Quorum
Articles of Association
Constitution
Quorum Declaration
Authority and Power
Purchase Authorization
Financial Authorization
Vehicle Specifications
Purchase Price
Payment Terms
Execution Authority
Signing Powers
Document Execution
Regulatory Compliance
Insurance Requirements
Registration Authority
COE Authorization
Record Keeping
Certification
Attestation
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