DRIW or “Directors’ resolution in writing”

This is an official document that provides an authority to director or a person to do something on behalf of the Company. DRIW is posted into a minute book of every company. Now, the Companies Act, Cap. 50 allows minute book to be kept electronically and hence you will find your DRIW residing in HeySara’s folder for ease of extraction or viewing.

It is important for a company to keep track of its DRIW passed during the year. In the case of where your company requires audit, the Auditors would want to see the records and the dates of all the DRIWs passed during your financial year upto the date of the Auditor’s Report.