Board Resolution template for a Kenyan company purchasing property

BOARD RESOLUTION FOR PURCHASE OF PROPERTY

[Company Letterhead]

BOARD RESOLUTION OF [COMPANY NAME] LIMITED
Company Registration Number: [Insert]
PIN: [Insert]
CR12 Date: [Insert date of latest CR12]

At a meeting of the Board of Directors of [Company Name] Limited, duly convened and held at [Location] on [Date], the following resolutions were passed:

 

RESOLUTION FOR PURCHASE OF PROPERTY

IT WAS RESOLVED THAT:

1. The Company shall proceed with the purchase of property known as [Insert Property Description – e.g., Land Reference Number, Title Number, Plot Number, Location] for the consideration of KES [Insert Amount], or such other amount as may be agreed upon in writing.
2. The Company approves and authorizes the negotiation, execution, and completion of all agreements, documents, and instruments necessary for the completion of the said transaction, including but not limited to:
• The Offer Letter / Sale Agreement
• Transfer documents
• Land Control Board applications (if applicable)
• Registration documents
• Payment of stamp duty and related fees
3. [Name of Authorized Person], being a Director/Authorized Representative of the Company, holding National ID/Passport No. [Insert ID/Passport Number], and KRA PIN [Insert PIN], is hereby authorized to:
• Act on behalf of the Company in all matters relating to the purchase;
• Sign and execute all relevant documents;
• Liaise with the Advocate(s), Seller(s), and Government offices;
• Make payments as necessary to complete the transaction.
4. The Company Secretary is hereby instructed to issue certified copies of this resolution to all relevant parties upon request.

 

CERTIFIED TO BE A TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF [COMPANY NAME] LIMITED ON [DATE]

Signed:

 

[Name]
Director

ID No: [Insert]
Signature: ______________________

 

[Name]
Director/Company Secretary (if required)

ID No: [Insert]
Signature: ______________________

Date: [Insert Date]