Board director resolution template

However, to ensure that the document is legally effective , it may be necessary to consider relevant rules which apply to the company. Consider any legal requirements which may apply, depending on the nature of the company or the types of resolution s that are being passed. These requirements may be set out in the Act and further information may be provided by the Australian Securities and Exchange Commission.

Some kinds of decisions must be made by a members' resolution ie a shareholders' resolution. Therefore, as a first step, it is important to make sure that the matter s with which the company is dealing, can actually be handled by way of a directors' resolution.

Also consider the company constitution and shareholders' agreement if the company has a shareholders' agreement to check for any particular rules or procedural requirements that relate to the passing of directors' resolutions.

Check whether the proposed resolutions can be decided by directors' resolution, and whether both documents permit directors' resolutions to be passed without a meeting.

The document will need to be signed by all directors entitled to vote on the resolution s. The resolution is passed when the last director signs it. Section A of the Act requires that a record of the resolution be recorded in the company's minute books within one month of the resolution having been passed.

In addition, for many types of resolution, the Australian Securities and Investments Commission requires specific forms to be lodged. Further information, as well as links to the relevant forms, are available on the webpage of the Australian Securities and Investments Commission under the heading "Once a special resolution has been passed, what forms need to be lodged?

The Corporations Act Commonwealth applies to many company matters, including directors' meetings. In some cases, the Income Tax Assessment Act Commonwealth may also apply, for example when dealing with a public officer.

At the end, you receive it in Word and PDF formats. You can modify it and reuse it. Back to top. Home Documents. Business Management. Directors' Resolution. Formats Word and PDF. All for free. Enter your information below to create your free account. Choose to view the in another tab or to download the PDF.

Major decisions by the board of directors should always be formally documented in writing and added to the corporate record. We offer a free template for you can use to document your board resolutions. Like all our forms, this template is for individual use. Need a different template?

We also have other resolution forms, including general corporate resolutions and shareholder resolutions:. Corporations typically require resolutions for any actions with major financial implications, changes in procedures or changes in authority. For instance, the following actions would all typically require a board resolution:.

Resolutions are added to the corporate book and become a permanent part of the corporate record. Go to top. Home Documents. Business Management. Directors' Resolution. Formats Word and PDF. Size 1 page. Rating 5 - 2 votes. How does it work? Choose this template Start by clicking on "Fill out the template". Complete the document Answer a few questions and your document is created automatically. Save - Print Your document is ready!