Incumbency Certificate For Property for Singapore

Incumbency Certificate For Property Template for Singapore

An Incumbency Certificate For Property in Singapore is a formal document issued by an authorized officer of a company, typically the Company Secretary, certifying the current status of the company, its officers, and their authority regarding specific property matters. The certificate complies with Singapore's Companies Act and property laws, providing verification of the company's proper constitution and authority to engage in property transactions.

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What is a Incumbency Certificate For Property?

The Incumbency Certificate For Property is a crucial document in Singapore's property transaction landscape, required when companies engage in property-related dealings. It serves as official verification of a company's existence, good standing, and the authority of its officers to execute property transactions. The certificate is commonly requested by banks, property agencies, or regulatory authorities to confirm the legitimacy of the company's property dealings and comply with Singapore's strict property ownership and transaction requirements. It includes essential information about the company's incorporation, current directors, authorized signatories, and specific details about the property in question.

What sections should be included in a Incumbency Certificate For Property?

1. Certificate Header: Company name, registration number, and registered address

2. Declaration of Authority: Statement of the certifying officer's authority to issue the certificate

3. Company Details: Incorporation details, current status, and registered particulars

4. Directors and Officers: List of current directors and key officers with their particulars

5. Property Details: Specific details of the property in question including title particulars

6. Certification: Formal certification statement and execution block

What sections are optional to include in a Incumbency Certificate For Property?

1. Corporate Structure: Details of shareholding structure, used when relevant for property ownership requirements

2. Resolution References: References to specific board/shareholder resolutions, included when specific authorizations are relevant

3. Additional Confirmations: Specific confirmations requested by third parties or authorities

What schedules should be included in a Incumbency Certificate For Property?

1. Copy of ACRA Business Profile: Recent extract of company information from ACRA

2. Property Title Documents: Copies of relevant property ownership documents

3. Board Resolutions: Relevant board resolutions authorizing property transactions

4. Specimen Signatures: Signatures of authorized signatories when required

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

Jurisdiction

Singapore

Publisher

Genie AI

Cost

Free to use

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