Document background
A Corporate Resolution To Sell Assets is a crucial governance document required under Singapore corporate law when a company intends to dispose of significant assets. It demonstrates compliance with internal corporate procedures and the Companies Act (Cap. 50), while providing clear authorization for the transaction. The document typically includes details of the assets being sold, the approved sale terms, designated signatories, and any specific conditions. It's particularly important for major transactions, regulatory compliance, and maintaining proper corporate records in Singapore's highly regulated business environment.
