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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, […]

Shareholders’ Resolution to Appoint Directors

What is a Shareholder’s Resolution to Appoint Directors?

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

Employee Share Option Plan

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, […]

Shareholders’ Resolution to Adopt Share Option Plan

A Shareholders’ Resolution to Adopt Share Option Plan is a resolution by the shareholders of a company to approve the adoption of an Employee Share Option Plan (ESOP). When a company decides to incentivise or reward its employees for their contributions to the company by giving them an option to purchase the company’s shares (share […]

Primasia

“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 […]

Share Option Plan

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, […]

Terms of Service

Zegal Terms of Service Please ensure that you take the time to read these terms of service carefully before you use this site. ZEGAL TERMS OF SERVICE Last updated on 20 Nov 2020 These terms of service (“Terms”) govern your use and access to our services, including our website (our “Site”), our application(s) (our “App”), […]

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Bank Account Opening
Issue New Shares
Approve Additional Fundraising with Convertible Notes
Change the Company’s Financial Year End
Approve Company’s Financial Statements
Approve the Company’s Share Option Plan