Document background
A Board Resolution For Transfer of Vehicle is required in Singapore when a company needs to formally document its decision to transfer ownership of a company vehicle. This document is essential for compliance with both corporate governance requirements and Land Transport Authority regulations. It provides clear authorization for the transfer, protects the company's interests, and ensures proper documentation for audit purposes. The resolution typically includes vehicle specifications, transfer terms, and designated signatories. It's particularly important in Singapore's highly regulated corporate environment, where proper documentation of board decisions is mandatory.
