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The Board Resolution Approving Transaction is a crucial corporate document required under Malaysian law whenever a company's board of directors needs to formally approve significant business transactions. This document is mandated by the Companies Act 2016 and related Malaysian corporate governance requirements, serving as official evidence that the board has exercised its decision-making authority in accordance with legal and regulatory obligations. It is typically required for material transactions, acquisitions, disposals, investments, financing arrangements, or any significant business decisions that require board-level approval. The resolution must detail the transaction specifics, demonstrate proper deliberation by the board, and include necessary authorizations for implementation. For listed companies, additional requirements from Bursa Malaysia and the Securities Commission must be incorporated.

1. Title and Date: Formal title of the resolution and date of the board meeting

2. Company Details: Full legal name and registration number of the company

3. Meeting Details: Time, place, and mode (physical/virtual) of the board meeting

4. Attendance and Quorum: List of directors present and confirmation of quorum requirements being met

5. Background: Brief context of the transaction and reason for board consideration

6. Declaration of Interests: Directors' declarations of any interests in the transaction

7. Main Resolution: Clear statement of the board's approval of the transaction and key terms

8. Authorization: Specific powers granted to execute documents and implement the transaction

9. Certification: Statement certifying the resolution as true and accurate