A Board Resolution For Land Purchase is a crucial corporate document required under Malaysian law when a company intends to acquire real property. It demonstrates compliance with both the Companies Act 2016 and the National Land Code 1965, serving as evidence that the decision to purchase land has been properly authorized at the corporate level. This document is essential for land registry procedures and banking requirements in Malaysia, typically needed for property purchases, development projects, or business expansion. The resolution must include specific details about the property, purchase terms, and authorized signatories, while also confirming that the decision was made in accordance with the company's constitution and relevant Malaysian corporate governance requirements.
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1. Title and Date: Formal heading identifying the document as a Board Resolution with the date of the meeting
2. Company Details: Full legal name of the company, registration number, and registered address
3. Meeting Details: Time, venue, and attendance details of the board meeting
4. Quorum Confirmation: Statement confirming that the required quorum was present as per company constitution
5. Background: Brief context explaining the purpose of the land purchase and business rationale
6. Property Details: Complete legal description of the property including title details, lot number, and location
7. Purchase Terms: Approved purchase price and key terms of the acquisition
8. Board's Resolution: The formal resolution text approving the purchase and authorizing specific actions
9. Authorization: Specific powers granted to designated officers to execute documents and complete the transaction
10. Certification: Chairman's or Company Secretary's certification of the resolution's validity
1. Financing Arrangements: Required when the purchase involves bank financing or specific funding arrangements
2. Special Conditions: Needed when there are specific conditions precedent or subsequent to the purchase
3. Related Party Disclosures: Required when the transaction involves related parties as defined under Companies Act 2016
4. Foreign Investment Details: Necessary when the company has foreign ownership requiring additional approvals
5. Environmental Considerations: Required when the land purchase involves environmental impact assessments or considerations
6. Development Plans: Included when the purchase is linked to specific development or usage plans
1. Property Details Schedule: Detailed legal description of the land, including title particulars, boundaries, and encumbrances
2. Purchase Price Breakdown: Itemized breakdown of the purchase price, including any deposits or staged payments
3. Due Diligence Reports: Summary of legal, technical, and financial due diligence findings
4. Valuation Report Summary: Key findings from the property valuation report
5. Director Attendance List: Detailed list of directors present, absent, and voting records if relevant
6. Supporting Documents: List of relevant supporting documents such as sale agreement drafts or approval letters
Relevant legal definitions
Board
Company
Property
Purchase Price
Land Title
Transfer Document
Consideration
Resolution
Meeting
Directors
Authorized Signatories
Company Secretary
Sale and Purchase Agreement
Title Deed
Land Registry
Completion Date
Business Day
Land Office
Registered Proprietor
Purchase Transaction
Board Meeting
Company Seal
Registration Fee
Stamp Duty
Acquisition Date
Land Area
Title Particulars
Transfer Instrument
Legal Description
Encumbrances
Company
Property
Purchase Price
Land Title
Transfer Document
Consideration
Resolution
Meeting
Directors
Authorized Signatories
Company Secretary
Sale and Purchase Agreement
Title Deed
Land Registry
Completion Date
Business Day
Land Office
Registered Proprietor
Purchase Transaction
Board Meeting
Company Seal
Registration Fee
Stamp Duty
Acquisition Date
Land Area
Title Particulars
Transfer Instrument
Legal Description
Encumbrances
Clauses
Meeting Details
Quorum Declaration
Corporate Authority
Property Description
Purchase Authorization
Financial Terms
Execution Authority
Document Authorization
Payment Terms
Transaction Completion
Legal Compliance
Signatory Authorization
Due Diligence
Property Title
Registration Authority
Certification
Board Approval
Documentary Requirements
Financial Authority
Implementation Powers
Quorum Declaration
Corporate Authority
Property Description
Purchase Authorization
Financial Terms
Execution Authority
Document Authorization
Payment Terms
Transaction Completion
Legal Compliance
Signatory Authorization
Due Diligence
Property Title
Registration Authority
Certification
Board Approval
Documentary Requirements
Financial Authority
Implementation Powers
Relevant Industries
Real Estate
Property Development
Manufacturing
Industrial
Agriculture
Commercial Development
Retail
Hospitality
Logistics
Education
Healthcare
Relevant Teams
Legal
Corporate Secretariat
Finance
Real Estate
Compliance
Corporate Governance
Property Development
Corporate Affairs
Risk Management
Relevant Roles
Chief Executive Officer
Managing Director
Company Secretary
Board Chairman
Executive Director
Chief Financial Officer
Legal Counsel
Property Manager
Corporate Governance Officer
Compliance Manager
Real Estate Director
Development Manager
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