Certificate of Incumbency: Verify Company Roles for Compliance

A Certificate of Incumbency is a vital document that verifies the current officers or directors of a company, providing a clear record of the individuals holding key positions within the organization. This certificate is issued by a company’s authorized representative, often the company secretary, and serves as proof of the identities and positions of individuals authorized to act on behalf of the company in legal and business matters. It is commonly requested by banks, financial institutions, and other organizations when a company is involved in significant transactions, such as opening accounts, securing loans, or entering into contracts. By confirming the individuals who hold positions such as the CEO, CFO, or directors, the Certificate of Incumbency ensures that any action taken on behalf of the company is legitimate and authorized. The document typically includes the names, titles, and signatures of these individuals, along with the company’s official seal or other formal recognition. While it is not required by all companies, it is especially crucial for those with international dealings or those undergoing substantial business activities.