Document background
The Resolution Letter for Bank Signing Authority is a crucial corporate governance document used when a company needs to establish or modify banking relationships in Singapore. It's typically required when opening new bank accounts, changing authorized signatories, or updating signing mandates. The document must comply with Singapore's regulatory framework, including MAS guidelines and the Companies Act. It specifies who can sign bank documents, make transactions, and access banking services, including any limitations on their authority. This resolution provides banks with the assurance that the company has properly authorized specific individuals to act on its behalf.
