Document background
A Board Resolution For Sale Of Shares Of Subsidiary Company is a crucial corporate document required under Singapore law when a company intends to dispose of its shareholding in a subsidiary. This document demonstrates compliance with corporate governance requirements, the Companies Act, and the company's constitution. It typically includes details of the proposed transaction, purchase consideration, buyer information, and authorization for specific officers to execute the sale. This resolution is particularly important for maintaining proper corporate records and ensuring transparency in corporate actions.
