Document background
A Board Resolution For Acquisition of Shares is a crucial corporate document required under Singapore law when a company intends to purchase shares in another entity. This resolution demonstrates proper corporate governance and compliance with the Companies Act (Cap. 50). It typically includes details of the proposed acquisition, consideration amount, payment terms, and authorization for specific officers to execute related documents. The resolution must be properly recorded in the company's records and may be required by various stakeholders, including regulators, banks, and the target company's representatives.
