Board Resolution Language Guide

Summary

A board resolution should include a clear title, preamble, resolution body, effective date, and signatures. The provided resolution for Kaibre Systems Limited includes these elements, with authorized signatories and a joint signature mandate for banking operations. It specifies the effective date and validity. For specific legal advice, consulting a local legal expert is recommended.

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BOARD RESOLUTION KAIBRE SYSTEMS LIMITED كاي رت سستمز ليمتد License No: MC * Masdar City Free Zone, Abu Dhabi, UAE RESOLUTION NO: */* DATE: September *, * BANK SIGNATORY AUTHORIZATION WHEREAS Kaibre Systems Limited requires authorized signatories for banking operations. IT IS HEREBY RESOLVED THAT: *. AUTHORIZED SIGNATORIES The following are appointed as authorized signatories for all banking operations: • Mr. HISHAM KHAN (Director) • Mr. TARIQ AL OTAIBI (Manager) *. JOINT SIGNATURE MANDATE ALL banking transactions require BOTH signatures. Neither signatory may act independently. *. BANKING AUTHORITY The signatories may jointly: • Open and operate bank accounts • Sign cheques and payment orders • Execute banking agreements • Access online banking services • Conduct all banking operations on behalf of the Company *. VALIDITY This resolution remains effective until revoked by mutual agreement.
The board resolution language appears clear and comprehensive. Here's a quick checklist to ensure all elements are covered:
- Title: Clearly stated as "BANK SIGNATORY AUTHORIZATION."
- Preamble: Explains the need for authorized signatories.
- Resolution Body: Lists signatories, mandates, and authority clearly.
- Effective Date: Specified as September *, *.
- Validity: Indicates when it remains effective.
For specific legal advice, consulting a local legal expert might be beneficial.