A certificate of incumbency is used to help identify directors and shareholders in an organization. It also confirms their identity and ensures that they are authorized to sign legally binding documents for the company and enact important legal transactions. A certificate of incumbency is also known as a certificate of officers or a register of directors.
This certificate is used by the company as well as other parties with whom a transaction is being performed. It protects these businesses by ensuring only authorized people are able to enter into legal agreements.
The certificate will need a lot of information, including the incumbent's name, position, and term of office or employment. The certificate will also need to be signed by a corporate secretary. Witnesses are not required for this legal document.
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