Search Results for "directors resolution"

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 […]

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, […]

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 […]

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 […]

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 […]

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). […]

  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 […]

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 […]

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 […]

What is a Directors’ Resolution to Change the Company’s Financial Year End? A Directors’ Resolution to Change Financial Year End is a resolution passed by the directors of a company to change the financial year-end of a company. There are statutory restrictions on how the financial year-end can be changed. Consult your company secretary before […]

What is a Director’s Service Contract? A Director’s Service Contract is a contract by which a company hires a director as an employee. The Director’s Service Contract is a long-form contract with detailed provisions on various aspects of employment. When drafting a Director’s Service Contract, the employer should be aware of certain statutory provisions in […]

An Employee Share Option Plan (ESOP) is a scheme that sets out the framework under which share options go to its employees. It’s a common mechanism to incentivise employees. What is an Employee Share Option Plan? A share option plan is commonly used by companies to attract, reward, and retain talents. Yypically their employees. Additionally, […]

What is a Directors’ Resolution to Issue New Shares? A Directors’ Resolution to Issue New Shares is a resolution to be passed by the directors of a company to approve the allotment and issue of new shares. After using this Directors’ Resolution, remember to: file the relevant form to update the relevant government department or […]

What is a Notice of General Meeting? A Notice of General Meeting is a formal notice to convene a meeting of the shareholders of a company. A Notice of General Meeting must be sent at least 21 days ahead of the meeting for an annual general meeting, or at least 14 days for other meetings […]

“Online and on the line” John Barclay, Managing Director of Primasia Corporate Services Limited Primasia Corporate Services Limited Setting up or running a business in Hong Kong? Get company secretarial services with this add-on to your Zegal Professional Plan. It gives you what you need to stay compliant: 1) Access to board resolutions* with support from co sec […]

An Employee Share Option Plan (ESOP) is a scheme that sets out the framework under which share options go to its employees. It’s a common mechanism to incentivise employees. What is an Employee Share Option Plan? A share option plan is commonly used by companies to attract, reward, and retain talents. Typically their employees. Additionally, […]