Document background
A Board Resolution For Sale of Company is a crucial corporate document required under Pakistani law when a company is being sold or transferred to new ownership. This document demonstrates proper corporate authorization and compliance with the Companies Act 2017 and other relevant Pakistani regulations. It is typically prepared following detailed negotiations and due diligence, and precedes the execution of final sale documents. The resolution must be passed at a properly convened board meeting with requisite quorum and should include specific details about the proposed transaction, including consideration, key terms, and any conditional requirements. It serves as evidence of proper corporate governance and is often required by purchasers, regulators, and financial institutions as proof of valid corporate authorization for the transaction.
