Document background
The Authorized Signatory Board Resolution is a fundamental corporate governance document required under Indonesian law, particularly for companies operating under Law No. 40 of 2007 on Limited Liability Companies. This document is essential when companies need to formally delegate signing authority to specific individuals for executing contracts, financial transactions, and other official documents. It provides legal protection and clarity regarding who can bind the company in various transactions, specifying their powers and limitations. The resolution must be properly executed in accordance with Indonesian corporate law requirements, including proper authentication and registration where necessary. Companies typically need to update or issue new resolutions when there are changes in authorized personnel, modifications to signing limits, or alterations in the scope of authority.
