The Authorization Letter For Closure Of Business is a crucial document required when ceasing business operations in Singapore. It serves as official documentation authorizing an individual or entity to proceed with business closure procedures with relevant authorities, particularly ACRA. This document is necessary when business owners cannot personally handle closure procedures or when formal delegation of authority is required. It typically includes business identification details, closure date, authorized representative information, and specific powers granted. The letter must comply with Singapore's Companies Act and Business Registration Act requirements, ensuring proper documentation for regulatory compliance during business cessation.
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1. Letter Date and Reference: Current date and any reference numbers for the authorization letter
2. Recipient Details: Name and address of the authority/organization receiving the authorization
3. Business Details: Complete business name, registration number, and registered address
4. Authorization Statement: Clear statement authorizing the closure of business and scope of authorization
5. Effective Date: Specified date for business closure to take effect
6. Authorized Person Details: Details of person authorized to handle closure procedures including name, designation, and contact information
1. Reason for Closure: Optional explanation of the closure decision, included when required by authorities
2. Outstanding Obligations: List of pending obligations and how they will be handled during closure
3. Special Instructions: Any specific procedures or requirements for the closure process
1. Business Registration Certificate: Copy of original business registration documents
2. Board Resolution: Copy of board resolution authorizing the business closure (if applicable)
3. Final Financial Statements: Copy of final financial statements when required by authorities
4. Tax Clearance Documents: Documentation proving tax compliance and settlements
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