Board Resolution for Closure of Branch Office

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Document Overview

It is a formal decision made by the Board of Directors authorizing the company to shut down one of its branch offices. The resolution records the approval, specifies the branch to be closed, and delegates authority to management or directors to handle all closure-related matters (such as notifying regulators, dealing with staff, and settling obligations).

Purpose:
1. To formally authorize the closure of a specific branch office.
2. To provide a legal and governance record showing the decision was properly considered and approved by the Board.
3. To empower management to carry out the closure process, including notifying authorities, landlords, clients, and staff.
4. To ensure compliance with employment laws, contracts, and regulatory obligations.
5. To protect directors and the company by documenting reasons for the closure and ensuring it is done in an orderly manner.

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Board Resolution for Closure of Branch Office

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