The Board Resolution For Redemption of Debentures is a crucial corporate document required under UAE law when a company decides to redeem its outstanding debentures, whether at maturity or through early redemption. This document is essential for companies operating in the UAE that have issued debentures and need to formally document their redemption decision in compliance with the UAE Commercial Companies Law and SCA regulations. The resolution typically includes detailed information about the debentures being redeemed, redemption terms, payment mechanisms, and necessary authorizations. It serves multiple purposes: providing a legal record of the board's decision, ensuring regulatory compliance, protecting both the company and debenture holders' interests, and authorizing company officials to execute the redemption process. This document is particularly important in the UAE's corporate governance framework, where formal board approvals are required for significant financial decisions.

1. Meeting Details: Date, time, place of the board meeting, directors present, and confirmation of quorum

2. Chairperson and Secretary: Identification of the meeting's chairperson and secretary

3. Background: Details of the existing debentures, including their issuance date, terms, and reason for redemption

4. Citation of Authority: Reference to relevant articles of association and UAE laws permitting the redemption

5. Resolution for Redemption: Formal board resolution approving the redemption of debentures, including redemption amount and timing

6. Payment Terms: Specifics of how the redemption amount will be paid to debenture holders

7. Authorization: Empowering specific officers to execute the redemption process and related documentation

8. Compliance Statement: Confirmation of compliance with relevant laws and regulations

9. Closure: Signatures of board members and company seal