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Resolution Of Authority Template
I need a Resolution of Authority Template to authorize our new CFO, Sarah Chen, to execute financial transactions up to £500,000 on behalf of our UK subsidiary, with the authority period starting from January 15, 2025.
1. Company Details: Legal name, registration number, registered office of the company passing the resolution
2. Meeting Details: Date, time, location, and type of meeting where resolution was passed
3. Resolution Statement: Clear statement of what is being authorized and the powers being granted
4. Scope of Authority: Detailed description of specific powers being granted and their extent
5. Authorized Persons: Names, positions, and details of individuals receiving the authority
6. Signatures: Space for director/secretary signatures, dates, and company seal if required
1. Limitations: Specific restrictions or boundaries on the authority being granted
2. Duration: Time period for which the authority remains valid, if not permanent
3. Reporting Requirements: Requirements for authorized persons to report on their activities and use of authority
1. Schedule 1 - List of Authorized Signatories: Detailed list of names, positions, and specimen signatures of authorized persons
2. Schedule 2 - Specific Powers: Detailed breakdown of authorized activities and their scope
3. Schedule 3 - Supporting Documents: Relevant board minutes, certificates, or other supporting documentation referenced in the resolution
Authors
Board Approval
Company Details
Duration
Execution Requirements
Financial Limits
Governing Law
Meeting Details
Notice Requirements
Powers and Duties
Recording and Registration
Reporting Requirements
Restrictions and Limitations
Revocation
Scope of Authority
Signatory Powers
Specimen Signatures
Terms and Conditions
Verification
Witness Requirements
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