Board Resolution Template

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Board Resolution Template

Board Resolution Template

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION

**Date:** {{resolution_date}}

**Company Name:** {{company_name}}

**Resolution Number:** {{resolution_number}}

Preamble

WHEREAS, a duly convened meeting of the Board of Directors of {{company_name}} (the “Company”) was held on {{meeting_date}} at {{meeting_time}}, at which a quorum was present; and

WHEREAS, the Board of Directors has considered various matters pertaining to the operations and governance of the Company; and

WHEREAS, it is deemed necessary and appropriate to formally record the decisions and actions taken by the Board of Directors.

Resolution 1: Appointment/Resignation of Director(s)

RESOLVED, that {{old_director_name}} be and is hereby removed/resigned as a Director of the Company, effective {{effective_date}}.

RESOLVED FURTHER, that {{new_director_name}} be and is hereby appointed as a Director of the Company, with effect from {{effective_date}}, and is authorized to undertake such actions as are necessary to give effect to this appointment.

Resolution 2: Approval of Financial Statements

RESOLVED, that the audited financial statements of the Company for the financial year ended {{financial_year_end_date}}, as presented to the Board, be and are hereby approved and adopted.

Resolution 3: Approval of Capital Expenditure

RESOLVED, that the capital expenditure for the acquisition of {{asset_description}} at a cost not exceeding {{currency}} {{amount}} be and is hereby approved, and any of the Directors be and is hereby authorized to execute all necessary documents and take all necessary steps to implement this resolution.

Resolution 4: Opening of Bank Account

RESOLVED, that the Company open a corporate bank account with {{bank_name}} at its {{bank_branch}} branch, and that {{authorized_signatory_1}} and {{authorized_signatory_2}} be and are hereby authorized to be signatories to the account, with such signing mandates as specified in the bank's account opening forms.

Certification

I, the undersigned, {{secretary_name}}, being the duly appointed Secretary of {{company_name}}, do hereby certify that the foregoing is a true and accurate copy of a resolution duly adopted by the Board of Directors of the Company on the date first above written, and that such resolution is in full force and effect and has not been modified, rescinded, or revoked.

Signatures

___________________________

**{{chairperson_name}}**

Chairperson of the Board

___________________________

**{{secretary_name}}**

Company Secretary