# Board Resolution Template for Singapore Companies
A board resolution is an official document recording decisions made by a company’s board of directors. In Singapore, it is a crucial legal instrument to ensure corporate governance compliance and to formalize key business decisions.
Why Use Signova AI?
- Fast turnaround: Generate a fully compliant board resolution in minutes.
- Regulatory compliance: Tailored to meet Singapore’s Companies Act and regulatory standards.
- No lawyer needed: Automated drafting eliminates the need for costly legal consultations.
- E-signature included: Sign and finalize your resolution digitally for instant execution.
- Resolution Title and Date: Clearly identifies the nature and timing of the resolution.
- Meeting Details: Specifies whether the resolution was passed at a board meeting or by written consent.
- Decision Description: Detailed explanation of the corporate decision or action being authorized.
- Authority Delegation: Assigns power to specific directors or officers to execute the resolution.
- Compliance Statement: Confirms adherence to the Companies Act (Cap. 50) and company constitution.
- Effective Date: States when the resolution takes effect, if different from the date passed.
- Answer questions: Provide basic company details and the decision to be recorded.
- AI generates: Our AI drafts a legally compliant board resolution tailored to your inputs.
- Download & sign: Download your resolution and execute it with included e-signature capabilities.
Key Clauses Included
How It Works
Frequently Asked Questions
Q: Is a board resolution mandatory for all company decisions in Singapore?
A: Not all decisions require a board resolution, but significant matters such as approving financial statements, appointing directors, or authorizing contracts typically do.
Q: Can a board resolution be passed without a physical meeting?
A: Yes, Singapore law allows resolutions to be passed by written consent signed by all directors, which our template supports.
Q: How long should I keep the board resolution document?
A: Under Singapore law, companies are required to keep board resolutions and minutes for at least five years for regulatory and audit purposes.
Signova generates legal documents | Starting at $4.99