Signatory Authority Letter for Malta

Signatory Authority Letter Template for Malta

A formal document governed by Maltese law that officially delegates signing authority from an organization to specific individuals. The letter establishes the scope and limitations of the signatory power, complying with Malta's Companies Act and Civil Code requirements. It serves as official evidence of an individual's authority to execute documents, enter into agreements, or otherwise legally bind the organization within specified parameters. The document includes detailed information about the authorized person(s), the extent of their authority, and any applicable limitations or conditions, all while adhering to Maltese legal requirements for corporate documentation and authentication.

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What is a Signatory Authority Letter?

A Signatory Authority Letter is a crucial corporate document used when an organization needs to formally delegate signing powers to specific individuals. Under Maltese law, this document serves as official evidence of an individual's authority to act on behalf of the organization, particularly important in a jurisdiction known for its robust financial services and corporate governance framework. The letter typically includes the full legal names of all parties, the scope of authority granted, any limitations or conditions, and must comply with Malta's Companies Act and Civil Code requirements. It's commonly used for both specific transactions and general ongoing business operations, requiring proper execution and often supporting documentation such as board resolutions or company registry extracts to establish its validity.

What sections should be included in a Signatory Authority Letter?

1. Letter Header: Official letterhead of the organization, including full legal name, registration number, and registered address

2. Date and Reference: Current date and any relevant reference numbers

3. Recipient Details: Name and address of the recipient organization or 'To Whom It May Concern' if general authority

4. Subject Line: Clear indication that this is a Signatory Authority Letter

5. Authorization Statement: Clear statement of who is being authorized to sign what documents on behalf of the organization

6. Authorized Person Details: Full name, position, and identification details of the person(s) being granted signing authority

7. Scope of Authority: Specific details of what types of documents/transactions the authorized person can sign for

8. Issuer's Declaration: Statement confirming the organization's authority to issue this authorization

9. Signature Block: Space for signature, name, and title of the person issuing the authority

What sections are optional to include in a Signatory Authority Letter?

1. Time Limitation: Include when the authority is only granted for a specific time period

2. Transaction Details: Include when the authority is specific to certain transactions or projects

3. Value Limitations: Include when there are monetary limits to the signing authority

4. Joint Signing Requirements: Include when signatures of multiple authorized persons are required

5. Revocation of Previous Authority: Include when this letter supersedes previous authorizations

6. Witness Section: Include when witness signatures are required for additional verification

What schedules should be included in a Signatory Authority Letter?

1. Board Resolution: Copy of the board resolution authorizing the issuance of this letter

2. Specimen Signature: Sample signature of the authorized person(s)

3. Identification Documents: Copies of identification documents of the authorized person(s)

4. Company Registry Extract: Recent extract from the Malta Business Registry showing the authority of the issuer

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Malta

Publisher

Genie AI

Document Type

Sector

Banking

Cost

Free to use

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