A Board Resolution For Satisfaction of Charge is a critical corporate document required under Malaysian law when a company has fully repaid a secured debt and needs to formally discharge the registered charge over its assets. This document is typically prepared after receiving confirmation from the chargee (usually a bank or financial institution) that all secured obligations have been fulfilled. The resolution must comply with the Companies Act 2016 and includes specific details about the charge, confirmation of debt settlement, and authorization for officers to file the necessary forms with the Companies Commission of Malaysia (SSM). It serves as official evidence of the board's decision and instructions regarding the satisfaction of charge, protecting both the company's and stakeholders' interests by ensuring proper corporate governance and legal compliance.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Title and Date: Formal title of the resolution and date of the board meeting
2. Company Details: Full legal name of the company, registration number, and registered address
3. Attendance and Quorum: List of directors present and confirmation of meeting quorum
4. Background: Details of the original charge, including date created, chargee details, and property/assets charged
5. Confirmation of Payment: Statement confirming full settlement of the secured debt
6. Resolution: Formal resolution text authorizing the satisfaction of charge and necessary actions
7. Authorization: Specific authorization for officers to execute documents and file necessary forms
8. Certification: Company Secretary's certification of the resolution's validity
1. Recital of Authority: Additional section citing specific clauses from company constitution regarding board's authority - include when dealing with specific constitutional requirements
2. Related Resolutions: Reference to other related board resolutions - include when the satisfaction is part of a larger transaction
3. Condition Precedents: Any conditions that must be met before executing the satisfaction - include when there are specific requirements from the chargee
4. Additional Instructions: Specific instructions for handling related matters - include when there are complex post-discharge requirements
1. Details of Charge: Complete details of the charge being satisfied, including registration numbers and dates
2. Form 16: Draft of the prescribed Form 16 (Notice of Satisfaction of Charge) to be filed with SSM
3. Authorization Letter: Draft of authorization letter to be issued to company secretary or lawyer for filing
4. Supporting Documents: List of relevant supporting documents such as settlement statements or release letters
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Real Estate
Manufacturing
Construction
Retail
Healthcare
Technology
Transportation and Logistics
Energy and Utilities
Agriculture
Mining and Resources
Telecommunications
Relevant Teams
Legal
Finance
Corporate Secretarial
Compliance
Treasury
Corporate Services
Board of Directors
Executive Management
Relevant Roles
Company Secretary
Chief Financial Officer
Finance Director
Legal Counsel
Corporate Lawyer
Compliance Officer
Board Director
Managing Director
CEO
Finance Manager
Corporate Services Manager
Treasury Manager
Find the exact document you need
Board Resolution For Tender Participation
A Malaysian corporate document authorizing company participation in tenders, including designated signatory powers and scope of authority under Malaysian law.
find out more
Board Resolution For Performance Evaluation
A Malaysian law-compliant board resolution establishing the framework and procedures for board performance evaluation processes.
find out more
Board Resolution For Giving Loan To Other Company
A Malaysian board resolution authorizing an inter-company loan, compliant with the Companies Act 2016 and financial regulations.
find out more
Board Resolution For Business Transfer Agreement
A Malaysian corporate document recording board approval for a business transfer agreement, compliant with Companies Act 2016 requirements.
find out more
Board Resolution Approving Asset Purchase Agreement
A Malaysian corporate document recording board approval for an asset purchase transaction, including authorizations and key terms under Malaysian law.
find out more
Resolution Of Bank Account Opening
A Malaysian corporate resolution authorizing the opening and operation of bank accounts, specifying authorized signatories and banking powers under Malaysian banking and corporate laws.
find out more
Resolution For Bank Account Opening For Society
A Malaysian legal document authorizing bank account opening and operations for registered societies, specifying signatories and banking mandates.
find out more
Members Resolution For Appointment Of Director
A Malaysian corporate document recording shareholders' resolution to appoint a new director, complying with the Companies Act 2016.
find out more
Board Resolution For Sale Of Immovable Property
A Malaysian corporate resolution documenting board approval for the sale of company-owned immovable property, compliant with local company and land laws.
find out more
Board Resolution For Non Operation
A Malaysian corporate document recording the board's formal decision to cease company operations, compliant with Companies Act 2016 requirements.
find out more
Board Resolution For Appointment Of Authorised Representative
A Malaysian law-compliant board resolution document appointing and empowering an authorized representative to act on behalf of a company.
find out more
Board Resolution Business Closure
A formal Malaysian legal document recording the board's resolution to cease business operations and wind up the company, compliant with the Companies Act 2016.
find out more
Board Resolution For Restructuring Of Loan
A Malaysian corporate document recording board approval for loan restructuring arrangements, compliant with local company and banking regulations.
find out more
Board Resolution For Appointment Of Director In Private Company
A formal Malaysian corporate document recording the board's resolution to appoint a new director in a private company, complying with Companies Act 2016 requirements.
find out more
Board Resolution For Renewal Of Bank Guarantee
A Malaysian law-compliant board resolution authorizing and documenting the renewal of an existing bank guarantee.
find out more
Board Resolution For Opening Of Suspense Escrow Demat Account
A Malaysian board resolution authorizing the opening and operation of a suspense escrow demat account, compliant with local corporate and securities laws.
find out more
Board Resolution For Forfeiture Of Shares
A Malaysian corporate document recording the board's resolution to forfeit shares due to non-payment of calls or installments, in compliance with the Companies Act 2016.
find out more
Board Resolution For Dormant Company
A Malaysian board resolution document declaring company dormancy status and authorizing necessary actions under Companies Act 2016.
find out more
Resolution To Add Director
A Malaysian corporate resolution document formalizing the appointment of a new director in compliance with the Companies Act 2016.
find out more
Board Resolution For Takeover Of Company
A Malaysian law-governed board resolution documenting the formal approval and terms for a company takeover, compliant with local corporate and securities regulations.
find out more
Board Resolution For Subscription Of Shares
A Malaysian corporate document recording the board's formal approval for issuing new shares and authorizing their subscription.
find out more
Board Resolution For Joint Venture Agreement
A Malaysian corporate resolution documenting board approval and authorization for entering into a joint venture agreement, in compliance with local company law.
find out more
Board Resolution Approving Transaction
A Malaysian corporate document recording board approval for a specific business transaction, compliant with the Companies Act 2016 and relevant regulations.
find out more
Board Resolution Appointing Representative
A Malaysian corporate resolution documenting the board's appointment of a company representative and defining their scope of authority.
find out more
Trust Resolution For Authorised Signatory
A Malaysian legal document that formally appoints and defines the powers of authorized signatories to act on behalf of a trust.
find out more
Board Resolution For Termination Of Agreement
A Malaysian corporate document recording the board's formal decision to terminate an existing agreement, in compliance with Malaysian company law.
find out more
Board Resolution For Funding
A Malaysian corporate resolution documenting board approval and authorization for company funding arrangements.
find out more
Company Secretary Resolution
A formal Malaysian corporate document recording official decisions and actions taken by or through the company secretary, compliant with the Companies Act 2016.
find out more
Board Resolution For Ratification Of Agreement
A Malaysian corporate document recording board approval and ratification of an agreement, complying with the Companies Act 2016 requirements.
find out more
Board Resolution For Issue Of Convertible Notes
A Malaysian corporate document recording board approval for issuing convertible notes, including terms and authorization for implementation.
find out more
Board Resolution For Satisfaction Of Charge
A Malaysian corporate document recording the board's resolution to process the satisfaction of a registered charge following debt repayment.
find out more
Board Resolution For One Person Company
A formal Malaysian legal document recording decisions made by the sole director-shareholder of a one-person company under Malaysian Companies Act 2016.
find out more
Board Resolution For Incorporation Of A Subsidiary Company
A Malaysian board resolution document authorizing and detailing the incorporation of a new subsidiary company, in compliance with the Companies Act 2016.
find out more
Board Resolution For Director Resignation
A Malaysian corporate resolution documenting the board's acceptance of a director's resignation and authorizing necessary regulatory filings with CCM.
find out more
Board Resolution Change Of Directors
A Malaysian corporate resolution documenting changes in company directorship, compliant with the Companies Act 2016.
find out more
Board Resolution Change Of Address
A Malaysian corporate document recording the board's formal decision to change the company's registered address, compliant with local company law requirements.
find out more
Appointing A Director By Ordinary Resolution
A Malaysian corporate resolution document for appointing a new director through shareholder approval under the Companies Act 2016.
find out more
Closure Of Bank Account Board Resolution
A Malaysian corporate resolution document authorizing the closure of company bank accounts, compliant with local company and banking laws.
find out more
Board Resolution For Bank Guarantee
A Malaysian corporate resolution authorizing the issuance of a bank guarantee, documenting board approval and designated signatories under Malaysian law.
find out more
Board Resolution For Acquisition Of Business
A Malaysian board resolution authorizing the acquisition of a business, compliant with the Companies Act 2016 and corporate governance requirements.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)