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Appoint or Remove Directors

What is a Directors’ Resolution to Appoint or Remove Directors? A Directors’ Resolution to Appoint or Remove Directors is used for adding directors to the board or documenting a director’s resignation. A Directors’ Resolution to Appoint or Remove Directors is a resolution passed by the directors of a company to appoint a new director, typically […]

Directors’ Resolution to Approve Fundraising with Convertible Notes

Essentially, a Directors’ Resolution to Approve Fundraising with Convertible Notes is a form of short-term debt that converts into equity.  Usually, it is of use in a fundraising event. Basically, this allows investors to provide a loan to the company in exchange for shares in the company versus principal and interest and future repayment. Basically, […]

Notice of a Special Meeting of the Directors

What is a Notice of a Special Meeting of the Directors? A Notice of Special Meeting of Directors is a notice given to the board of directors of a company to inform them of a special meeting. These special meetings of the board are held to discuss urgent business that can’t wait until the next […]

Shareholders’ Resolution to Appoint Directors

What is a Shareholder’s Resolution to Appoint Directors? Simply put, a Shareholders’ Resolution to Appoint Directors is a resolution passed by the shareholders of a company to appoint new directors. Normally, a Shareholders’ Resolution to Appoint Directors is an ordinary resolution. Essentially, this means it requires the approval of more than 50% of shareholders attending […]

Approve Additional Fundraising with Convertible Notes

What is a Resolution to Approve Additional Fundraising with Convertible Notes? A Resolution to Approve Additional Fundraising with Convertible Notes is a resolution passed by the director of the company for the second round of fundraising. A convertible note acts as a short-term loan for startups to fund their projects. So, when the first round […]

Shareholders’ Resolution to Change Company Name

What is a Shareholders Resolution to Change Company Name? A Shareholders’ Resolution to Change Company Name is a written record of the company’s decision to change its name. A Shareholders’ Resolution to Change Company Name is a special resolution (i.e. requires the approval of more than 75% of shareholders attending and voting on the matter). […]

Directors’ Resolution for Bank Account Opening
Directors’ Resolution to Adopt Share Option Plan
Directors’ Resolution to Appoint Director(s) and/or Acknowledge Resignation of Director(s)
Directors’ Resolution to Appoint First Auditors
Directors’ Resolution to Approve Financial Statements
Directors’ Resolution to Change Financial Year End
Directors’ Resolution to Issue Convertible Notes (Initial Round)
Directors’ Resolution to Issue Convertible Notes (Subsequent Rounds)
Directors’ Resolution to Issue Shares
Appoint Company Auditors

  A newly incorporated company, whether public or private, needs to appoint its first auditors. Generally, this is put in place by the board of directors of the company by passing a resolution (Director’s resolution or Board resolution) within a certain time limit. Different countries have different time limits. For example, in Hong Kong, the […]

Approve Company’s Financial Statements

What is an Approve Company’s Financial Statements? A Directors’ Resolution to Approve Company’s Financial Statements is a resolution passed by the directors of a company to approve the audited Financial Statements and the Directors’ Statement for a particular financial year before these statements are presented to the Shareholders of the company. The directors’ resolution can […]

Approve Fundraising with Convertible Notes

Essentially, a Directors’ Resolution to Approve Fundraising with Convertible Notes is a form of short-term debt that converts into equity.  Usually, it is of use in a fundraising event. Basically, this allows investors to provide a loan to the company in exchange for shares in the company versus principal and interest and future repayment. Basically, […]

Approve the Company’s Share Option Plan

What is a Directors’ Resolution to Approve the Company’s Share Option Plan? A Directors’ Resolution to Approve a Share Option Plan is a resolution to be passed by the directors of a company to approve the adoption of an employee share option plan. A Share Option Plan is used to reward the high-performing candidate by […]

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