Authorization Letter For Signature On Behalf Of Company for Singapore

Authorization Letter For Signature On Behalf Of Company Template for Singapore

An Authorization Letter for Signature on Behalf of Company is a formal document under Singapore law that delegates specific signing authority from a company to a designated individual. The document, governed by Singapore's Companies Act and related regulations, establishes the scope, duration, and limitations of the signing authority, ensuring compliance with corporate governance requirements and providing legal protection for all parties involved.

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What is a Authorization Letter For Signature On Behalf Of Company?

An Authorization Letter For Signature On Behalf Of Company is essential in Singapore's business environment where companies frequently need to delegate signing authority to specific individuals. This document, governed by Singapore law, is particularly important when key signatories are unavailable or when operational efficiency requires delegated authority. It typically includes details of the authorizing company, the authorized individual, specific powers granted, duration of authority, and any limitations. The document must comply with Singapore's Companies Act and corporate governance requirements, often requiring board approval and proper documentation.

What sections should be included in a Authorization Letter For Signature On Behalf Of Company?

1. Company Details: Full registered name, registration number, and registered address of the authorizing company

2. Authorized Person Details: Full name, ID/passport number, and designation of the person being authorized to sign

3. Scope of Authority: Specific powers being delegated including types of documents, transactions, and any monetary limits

4. Duration of Authority: Time period for which the authorization is valid, including start and end dates

5. Authorization Statement: Clear and unambiguous statement of the authorization being granted

What sections are optional to include in a Authorization Letter For Signature On Behalf Of Company?

1. Specific Transaction Details: Details of specific transaction(s) when the authorization is limited to particular deals or agreements

2. Territorial Limitations: Geographic limitations of the authority, if the authorization is restricted to specific regions or countries

3. Reporting Requirements: Obligations of the authorized person to report actions taken under this authority

4. Revocation Clause: Terms under which the authorization can be revoked before the end date

What schedules should be included in a Authorization Letter For Signature On Behalf Of Company?

1. Board Resolution: Copy of the board resolution approving this authorization

2. Specimen Signature: Sample signature of the authorized person for verification purposes

3. Identity Documents: Copies of identification documents of the authorized person

4. List of Authorized Activities: Detailed list of specific activities and document types covered by the authorization

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

Singapore

Publisher

Genie AI

Sector

Banking

Cost

Free to use
Industries

Companies Act (Cap. 50) - Section 41: Regulations concerning company's power to have official seal for use abroad

Companies Act (Cap. 50) - Section 157: Legal provisions regarding directors' duties and powers in relation to company representation

Companies Act (Cap. 50) - Section 25B: Requirements and regulations for company representation

Electronic Transactions Act (Cap. 88): Legal framework for electronic signatures and their validity, including requirements for electronic execution of documents

Singapore Contract Law - Agency Principles: Common law principles governing agency relationships and delegation of authority

Stamp Duties Act (Cap. 312): Requirements and regulations for stamp duty on authorized documents

ACRA Regulations: Accounting and Corporate Regulatory Authority regulations governing corporate actions and documentation

Company Constitution Requirements: Internal company requirements specified in the Constitution/Articles of Association regarding delegation of authority and signing powers

Corporate Governance Requirements: Requirements for board resolutions and company policies regarding delegation of authority

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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