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Board Resolution For Purchase Of Car
"I need a Board Resolution For Purchase Of Car for my Singapore manufacturing company to authorize the purchase of a fleet of three delivery vans, with a total budget of SGD 450,000, with authorization for our Operations Director to handle the purchase process."
1. Title and Date: Identifies the document as a board resolution with date of meeting
2. Company Details: Full legal name and registration number of the company
3. Attendees: List of directors present at the meeting
4. Quorum Confirmation: Statement confirming meeting quorum requirements are met
5. Resolution Details: Specific details about the vehicle purchase approval
6. Financial Authorization: Approved purchase amount and payment terms
7. Execution Authority: Names and powers of persons authorized to execute purchase
1. Vehicle Specifications: Detailed description of the vehicle, used when specific vehicle already identified
2. Financing Terms: Include when purchase involves loan or hire purchase arrangements
3. Insurance Requirements: Specific insurance requirements, if beyond statutory minimum
1. Vehicle Quotation: Detailed quotation from dealer including specifications and price
2. Financial Analysis: Cost-benefit analysis or financial justification for purchase
3. Delegation of Authority Matrix: Company's approval hierarchy and limits, if referenced
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