What is a certificate of incumbency?

A certificate of incumbency is a legal document that confirms the individuals who currently hold positions of authority within a company or organization. This document typically includes details such as the names and titles of officers, directors, and shareholders, as well as their signatures.

The purpose of a certificate of incumbency is to provide proof of the individuals authorized to act on behalf of the organization. It is often requested by banks, financial institutions, and government agencies when the company is entering into financial transactions or legal agreements.

The certificate of incumbency is an important document for ensuring transparency and accountability within an organization, as it helps to prevent unauthorized individuals from making decisions on behalf of the company. It can also be used to confirm the legitimacy of a company's leadership structure and to verify the identities of key stakeholders.

Overall, a certificate of incumbency serves as a formal record of the current officers and directors of a company, providing essential information to outside parties who need to verify the organization's leadership.