A Board Resolution For Sale of Vehicle is a crucial corporate governance document required under UAE law when a company intends to sell its vehicles through proper board authorization. This document is essential for demonstrating corporate authority and ensuring compliance with both UAE Federal Law No. 2 of 2015 and RTA regulations. It's typically used when disposing of company vehicles, fleet updates, or asset restructuring, containing specific details about the vehicle, sale terms, and authorized signatories. The resolution serves as evidence of proper corporate decision-making for external parties, including the RTA and the buyer, and is often required for vehicle ownership transfer procedures in the UAE.
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1. Company Details: Legal name of the company, registration number, and registered address
2. Meeting Details: Date, time, location of the board meeting, and details of attending directors
3. Quorum Confirmation: Statement confirming that the required quorum was present as per the company's articles
4. Resolution Context: Background information explaining the reason for selling the vehicle
5. Vehicle Details: Specific information about the vehicle including make, model, year, VIN, and registration number
6. Sale Terms: Agreed sale price and basic terms of the transaction
7. Board Authorization: Formal resolution statement authorizing the sale
8. Signatory Authorization: Designation of authorized person(s) to execute the sale documents
9. Certification: Statement certifying that the resolution was duly passed
1. Multiple Vehicle Schedule Reference: Used when the resolution covers more than one vehicle
2. Payment Terms: Included when specific payment arrangements need to be documented
3. Conditions Precedent: Added when the sale is subject to specific conditions being met
4. Insurance Arrangements: Used when specific instructions regarding vehicle insurance transfer are needed
5. Related Party Disclosure: Required when the sale is to a related party or director
1. Schedule 1 - Vehicle Details: Detailed specification of the vehicle(s) including registration documents, condition reports, and valuation certificates
2. Schedule 2 - Supporting Documents: Copies of vehicle registration card, insurance documents, and maintenance records
3. Appendix A - Board Meeting Attendance: List of directors present and voting record if required
4. Appendix B - Authorized Signatory Details: Details of authorized signatories including their specimen signatures
Relevant legal definitions
Board
Company
Vehicle
Resolution Date
Meeting
Directors
Authorized Signatory
Purchase Price
Buyer
Transfer Date
RTA
Registration Card
Completion
Articles of Association
Transaction Documents
UAE
Business Day
Vehicle Documentation
Ownership Certificate
Selling Price
Completion Date
Transfer Documents
Company Seal
Secretary
Company
Vehicle
Resolution Date
Meeting
Directors
Authorized Signatory
Purchase Price
Buyer
Transfer Date
RTA
Registration Card
Completion
Articles of Association
Transaction Documents
UAE
Business Day
Vehicle Documentation
Ownership Certificate
Selling Price
Completion Date
Transfer Documents
Company Seal
Secretary
Clauses
Meeting Constitution
Quorum Verification
Resolution Purpose
Vehicle Identification
Sale Authorization
Price Approval
Payment Terms
Transfer Authorization
Signatory Appointment
Document Execution
Regulatory Compliance
Vehicle Handover
Insurance Matters
Registration Transfer
Board Approval
Secretary Authorization
Certification
Quorum Verification
Resolution Purpose
Vehicle Identification
Sale Authorization
Price Approval
Payment Terms
Transfer Authorization
Signatory Appointment
Document Execution
Regulatory Compliance
Vehicle Handover
Insurance Matters
Registration Transfer
Board Approval
Secretary Authorization
Certification
Relevant Industries
Transportation & Logistics
Construction
Facilities Management
Real Estate
Manufacturing
Retail
Energy & Resources
Security Services
Healthcare
Hospitality
Educational Institutions
Government Services
Corporate Services
Relevant Teams
Legal
Operations
Administration
Fleet Management
Facilities
Compliance
Corporate Secretariat
Finance
Procurement
Asset Management
Relevant Roles
Board Member
Chief Executive Officer
Managing Director
Company Secretary
Fleet Manager
Operations Director
Facilities Manager
Administrative Officer
Legal Counsel
Compliance Officer
Finance Director
Asset Manager
Procurement Manager
Transport Manager
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