The Board Resolution For Sale of Vehicle is a crucial corporate governance document required under Pakistani law when a company intends to dispose of its vehicular assets. This document is essential for demonstrating proper corporate authorization and compliance with the Companies Act 2017 and related regulations in Pakistan. It is typically used when a company needs to sell any company-owned vehicle, whether due to asset renewal, fleet optimization, or other business reasons. The resolution must be passed in a properly convened board meeting with required quorum and should contain specific details about the vehicle, approved sale parameters, and authorized personnel for executing the sale. This document is often required by transport authorities, buyers, and auditors as evidence of proper corporate approval for the transaction.

1. Meeting Details: Date, time, location of the board meeting, and details of attending board members

2. Quorum Confirmation: Statement confirming that the required quorum was present for the meeting

3. Background: Brief context about the vehicle ownership and reason for sale

4. Vehicle Details: Specific information about the vehicle including make, model, year, registration number, and chassis number

5. Sale Terms: Approved sale price range and basic terms of the sale

6. Authorization: Specific powers granted to designated person(s) to execute the sale

7. Certification: Company Secretary or authorized officer's certification of the resolution