Banking Act (Cap. 19): Primary legislation governing banking operations and regulations in Singapore, including procedures for account operations and closures
Companies Act (Cap. 50): Primary legislation governing corporate entities in Singapore, including requirements for board resolutions and corporate governance
Financial Holding Companies Act 2013: Legislation governing financial holding companies and their subsidiaries in Singapore's financial sector
MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore that govern banking operations and corporate banking relationships
MAS Notice 626: Specific guidelines on Prevention of Money Laundering and Countering the Financing of Terrorism that may affect account closure procedures
Banking (Corporate Governance) Regulations: Regulations specifically dealing with corporate governance aspects of banking relationships
Company Constitution Requirements: Company's own constitutional requirements regarding board resolutions and decision-making processes
Bank Notice Period Requirements: Specific notice periods required by the bank for account closure as per banking regulations
Signatory Requirements: Requirements for authorized signatories and persons who can execute the account closure
Documentation Requirements: Specific documentation needed for account closure as per banking regulations and company law
Outstanding Payments Protocol: Procedures for handling outstanding checks and payments during account closure
Banking Charges Settlement: Requirements for final settlement of all banking charges and fees
Banking Materials Disposal: Procedures for proper disposal of unused checks, banking tokens, and other banking materials
Board Meeting Quorum Requirements: Specific requirements for valid quorum in board meetings for passing such resolutions
Voting Requirements: Requirements for valid voting and majority needed for passing account closure resolutions
Corporate Documentation Requirements: Requirements for maintaining proper corporate records of the resolution under the Companies Act
