This Minutes of board resolution outlines the powers delegated to the Authorized Signatories to manage various banking and financial operations for the company, including opening and closing accounts, dealing with credit facilities, and securing assets. It also provides terms for indemnifying the bank against any third-party claims and specifies conditions for altering or revoking the given authorities.
This document outlines sections for authorizing an individual/s to conduct banking and financial transactions on behalf of the company.
This document is intended for use in the United Arab Emirates.
This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.