tiktok���˰�

A Letter of Authority to Sign on Behalf of Company is a crucial corporate governance document used when a company needs to formally delegate signing authority to specific individuals. This delegation is particularly important in South African business operations where companies frequently need representatives to act on their behalf in various transactions and dealings. The document must comply with the Companies Act 71 of 2008 and should be supported by appropriate board resolutions. It typically specifies the scope of authority, any limitations on powers, duration of the authority, and reporting requirements. This type of authorization is commonly used for senior executives, managers, or designated representatives who need to execute documents, enter into contracts, or conduct specific transactions on the company's behalf. The letter serves as proof of authority when dealing with third parties and helps maintain clear accountability in corporate actions.

1. Company Details: Full registered name of the company, registration number, and registered address

2. Date: The effective date of the authority

3. Authorized Person Details: Full name, ID number, and position of the person being granted authority

4. Scope of Authority: Clear and specific description of what the authorized person can sign/act upon

5. Duration of Authority: Period for which the authority is valid

6. Company Authorization: Statement confirming the company's board resolution or constitutional authority to grant this power

7. Signature Block: Space for authorized company representative(s) to sign, including their full names and positions