An Authorised Signatory Resolution is a fundamental corporate governance document used in South Africa when a company needs to formally delegate signing authority to specific individuals. This document is essential for compliance with the Companies Act 71 of 2008 and is typically required by banks, government agencies, and other institutions as proof of individuals' authority to act on behalf of the company. The resolution must be properly executed in accordance with the company's memorandum of incorporation and should clearly define the scope of authority, any limitations, and specific requirements for different types of transactions. It's particularly important when setting up banking relationships, entering into major contracts, or when there are changes in the company's authorized representatives.
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1. Company Details: Full legal name of the company, registration number, and registered address
2. Meeting Details: Date, time, and place of the meeting where the resolution was passed
3. Quorum Confirmation: Confirmation that the meeting was properly constituted with required quorum
4. Resolution Statement: Clear statement that the resolution was duly passed in accordance with the company's memorandum of incorporation
5. Authorized Persons: Names, ID numbers, and designations of persons being authorized
6. Scope of Authority: Detailed description of the powers and authority being granted
7. Signing Requirements: Requirements for valid execution of documents (e.g., single/joint signatures)
8. Effective Date: When the authority becomes effective
9. Certification: Certification of the resolution by the chairperson or company secretary
1. Revocation of Previous Authorities: Section revoking previous signatory authorities - include when replacing existing mandates
2. Monetary Limits: Specific transaction value limits for different signatories - include when implementing tiered authority levels
3. Special Conditions: Any special conditions or restrictions on the authority - include when specific limitations are required
4. Electronic Signatures: Authorization for use of electronic signatures - include when electronic signing will be permitted
5. Duration of Authority: Specific time limit for the authority - include when authority is not indefinite
1. Schedule A - Authorized Signatories List: Detailed list of all authorized persons with their full names, ID numbers, designations, and specimen signatures
2. Schedule B - Specific Powers: Detailed list of specific transactions and documents that may be signed
3. Schedule C - Signing Matrix: Matrix showing different signing combinations and their respective monetary limits
4. Appendix 1 - Supporting Documents: Copies of ID documents and proof of designation of authorized signatories
Relevant legal definitions
Company
Board
Board Resolution
Authorized Signatory
Banking Mandate
Electronic Signature
Financial Documents
Joint Signature
Memorandum of Incorporation
Monetary Limits
Signatory Matrix
Specimen Signature
Transaction
Signing Authority
Corporate Documents
Legal Documents
Official Documents
Effective Date
Designated Officer
Resolution Period
Board
Board Resolution
Authorized Signatory
Banking Mandate
Electronic Signature
Financial Documents
Joint Signature
Memorandum of Incorporation
Monetary Limits
Signatory Matrix
Specimen Signature
Transaction
Signing Authority
Corporate Documents
Legal Documents
Official Documents
Effective Date
Designated Officer
Resolution Period
Clauses
Company Details
Authority Grant
Scope of Powers
Signing Requirements
Banking Authority
Monetary Limitations
Document Types
Execution Requirements
Term and Duration
Revocation
Certification
Authentication
Meeting Details
Quorum Confirmation
Electronic Execution
Specimen Signatures
Corporate Governance
Compliance
Record Keeping
Amendments
Authority Grant
Scope of Powers
Signing Requirements
Banking Authority
Monetary Limitations
Document Types
Execution Requirements
Term and Duration
Revocation
Certification
Authentication
Meeting Details
Quorum Confirmation
Electronic Execution
Specimen Signatures
Corporate Governance
Compliance
Record Keeping
Amendments
Relevant Industries
Banking and Financial Services
Corporate
Legal Services
Manufacturing
Retail
Technology
Healthcare
Mining
Real Estate
Construction
Transportation
Energy
Telecommunications
Professional Services
Education
Relevant Teams
Legal
Finance
Compliance
Corporate Governance
Treasury
Operations
Executive Office
Risk Management
Company Secretariat
Administrative
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Managing Director
Company Secretary
Director
Financial Manager
Legal Counsel
Compliance Officer
Treasury Manager
Operations Director
General Manager
Department Head
Regional Manager
Branch Manager
Senior Account Manager
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