Authorized Signatory Letter for Malaysia

Authorized Signatory Letter Template for Malaysia

An Authorized Signatory Letter is a formal document used in Malaysia to delegate signing authority to specific individuals within an organization. The document, governed by Malaysian law including the Companies Act 2016, formally establishes the scope and limitations of an individual's authority to sign documents and enter into binding commitments on behalf of the company. It includes detailed information about the authorized person(s), the extent of their authority, any applicable limitations, and is typically supported by appropriate corporate approvals such as board resolutions.

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What is a Authorized Signatory Letter?

The Authorized Signatory Letter serves as a crucial corporate governance document in Malaysian business operations, enabling organizations to efficiently delegate signing authority while maintaining proper controls. This document is essential when companies need to authorize specific individuals to sign documents, enter into contracts, or conduct financial transactions on their behalf. It is particularly relevant in situations where the primary signatories (such as directors) are not always available for day-to-day operations, or when multiple branches or departments require local signing authority. The letter must comply with Malaysian Companies Act 2016 and related regulations, and typically requires supporting documentation such as board resolutions and specimen signatures. It's commonly used for banking operations, contract executions, regulatory filings, and other official business transactions.

What sections should be included in a Authorized Signatory Letter?

1. Letter Header: Company letterhead with full registered name, company registration number, and registered address

2. Date: Current date of the letter issuance

3. Reference Number: Unique reference number for the authorization letter

4. Subject Line: Clear indication that this is an Authorization Letter for Signatory Powers

5. Opening Statement: Formal declaration of the company's intention to authorize signing powers

6. Authorized Person Details: Full name, designation, NRIC/Passport number of the person(s) being authorized

7. Scope of Authority: Detailed description of the signing powers being granted, including any limitations or restrictions

8. Duration of Authority: Specify the validity period of the authorization

9. Company Authorization: Reference to the board resolution or other corporate authority granting this power

10. Closing and Execution: Signature block for company director(s) or company secretary authorizing the letter

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

1. Transaction Specific Details: Include when the authorization is for specific transactions or projects only

2. Financial Limits: Add when there are monetary thresholds for the signing authority

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

4. Revocation Clause: Add when there's a need to specify conditions under which the authority can be revoked

5. Foreign Language Translation: Include when the letter needs to be used in non-English speaking jurisdictions

What schedules should be included in a Authorized Signatory Letter?

1. Specimen Signature: Schedule containing specimen signatures of all authorized persons

2. Board Resolution Extract: Copy or extract of the board resolution approving the authorization

3. Identity Documents: Copies of NRIC/Passport of authorized signatories

4. Company Registration Documents: Relevant company registration documents confirming the authority of the letter 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 | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Genie AI

Document Type

Authorization Form

Cost

Free to use
Relevant Industries

Banking and Financial Services

Real Estate

Manufacturing

International Trade

Retail

Construction

Technology

Healthcare

Education

Professional Services

Logistics

Energy

Telecommunications

Relevant Teams

Legal

Finance

Corporate Secretarial

Compliance

Treasury

Operations

Human Resources

Procurement

Executive Office

Risk Management

Administrative

Relevant Roles

Chief Executive Officer

Managing Director

Company Secretary

Chief Financial Officer

Finance Director

Branch Manager

Department Head

Regional Director

Operations Manager

Treasury Manager

Legal Counsel

Compliance Officer

Human Resources Director

Procurement Manager

Country Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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