Search Results for "directors resolution"

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Documents & Pages

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, […]

Directors’ Resolution to Issue Convertible Notes (Subsequent Rounds)
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 […]

Directors’ Resolution to Approve Financial Statements
Directors’ Resolution to Adopt Share Option Plan

A Directors’ Resolution to Adopt Share Option Plan is a resolution by the directors of a company to approve the adoption of an Employee Share Option Plan (ESOP). What is a Directors’ Resolution to Adopt Share Option Plan? This is a resolution by the directors of a company to approve the adoption of an Employee […]

Directors’ Resolution to Issue Convertible Notes (Initial Round)
Directors’ Resolution for Bank Account Opening
Directors’ Resolution to Appoint Director(s) and/or Acknowledge Resignation of Director(s)
Directors’ Resolution to Appoint First Auditors
Directors’ Resolution to Change Financial Year End
Directors’ Resolution to Issue Shares
Set up your board of directors

What are the steps? 1: Decide on a clear reporting structure 2: Consult the company constitution 3: Draft a Director’s Service Contract For small businesses and startups —and large companies alike— how you set up your board of directors is essential. Chiefly, the board is responsible for governing a business, as well as setting the strategic direction. In […]

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 […]

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 […]

Shareholders’ Resolution to Issue Shares

What is Shareholders’ resolution to issue shares? A Shareholders’ Resolution to Issue Shares is a resolution to be passed by the shareholders of a company to approve the allotment and issue of new shares. This document may be used for the issue of ordinary shares or preference shares. Generally, the power to authorize allotment and […]

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 […]

Shareholders’ Resolution to Issue Convertible Notes

What is a Shareholders’ Resolution to Issue Convertible Notes? A Shareholders’ Resolution to Issue Convertible Notes is a resolution to be passed by the shareholders of a company to approve the issue of convertible notes. Generally, if a company wishes to create and issue convertible notes, the shareholders of the company must pass a resolution […]

Shareholders’ Resolution in Lieu of an Annual General Meeting (AGM)

What is a Shareholders’ Resolution in Lieu of an Annual General Meeting (AGM)? A Shareholders’ Resolution in Lieu of an Annual General Meeting (AGM) is a written resolution for companies to approve matters that would otherwise be approved at an annual general meeting (AGM). Decisions that are normally required to be made at an AGM […]

Shareholders’ Resolution to Alter Articles of Association

What is a Shareholders’ Resolution to Alter Articles of Association? A Shareholders’ Resolution to Alter Articles of Association is a resolution to amend the current Articles of Association of a company. A Shareholders’ Resolution to Alter Articles of Association is a special resolution that requires approval of more than 75% of shareholders attending and voting […]

Shareholders’ Resolution to Alter Constitution

What is a Shareholders Resolution to Alter Constitution? A Shareholders’ Resolution to Alter Constitution is a resolution to amend the current constitution of a company. A Shareholders’ Resolution to Alter Constitution is a special resolution (i.e., requires approval of more than 75% of shareholders attending and voting on the matter). After using a Shareholders’ Resolution […]

Shareholders’ Resolution to Appoint or Change Company Auditors Due to Resignation

What is a Shareholders’ Resolution to Appoint or Change Company Auditors Due to Resignation? A Shareholders’ Resolution to Appoint or Change Company Auditors Due to Resignation is a resolution to appoint new auditors as a result of the resignation of the existing auditors. A Shareholders’ Resolution to Appoint or Change Company Auditors Due to Resignation […]

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). […]

Shareholders’ Resolution to Remove Need for an Annual General Meeting (AGM)

What is a Shareholders’ Resolution to Remove Need for an Annual General Meeting (AGM)? A Shareholders’ Resolution to Remove Need for an Annual General Meeting (AGM) is a resolution to remove the requirement to hold an AGM once and for all. To save time and administrative effort of holding an AGM every year, a company […]

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 […]

Communicate with shareholders

What are the steps? 1. Identify the type of resolution needed 2. Draft the required written resolution  3. Adopt the decision as a shareholders’ resolution 4. [If required] Update the relevant government department or registry What is a shareholders’ resolution? A shareholders’ resolution is a formal decision of the company voted on by the shareholders, […]

Set up your company option scheme

What are the steps? 1: Draft an Employee Share Option Plan 2: Adopt an Employee Share Option plan 3: Grant employee share options What is a share option? Establishing your company option scheme upfront is the ideal way to build loyalty among your initial employees and avoid inconsistency and uncertainty going forward.  An Employee Share Option Plan (ESOP) is […]

Set up a shareholders’ agreement

What are the steps? Create a Shareholders’ Agreement [Optional] Add new shareholders with a Deed of Adherence What do I need a Shareholders’ Agreement for? A Shareholders’ Agreement is a contract for company shareholders to govern the relationship between shareholders and the company’s management. Essentially, the purpose of any Shareholders’ Agreement is to serve as […]