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Document Description
The document titled 'Share Transfer under Employee Shares Scheme' is a set of minutes of a meeting of the directors of a company. The document begins with the account and job details of the company, including the company number and registration number. It is stated that the meeting was duly passed in accordance with the articles of association of the company.
The first section of the document highlights the presence of a quorum and the proper convening of the meeting. The second section mentions the election of a chairman for the meeting.
The third section provides important notes, including the declaration of interests by the directors, the receipt and review of a subscription letter from an employee for the allotment and issuance of shares, and the availability of treasury shares for the transaction. It is emphasized that the directors carefully considered the transactions and deemed them to be in the best interest and benefit of the company.
The fourth section contains the resolutions passed during the meeting. It is resolved that the allotment and issuance of shares be approved by the company, as it is believed to be in the long-term commercial benefit and best interest of the company. The resolution also authorizes a director to sign, execute, seal, or despatch all necessary documents and perform acts on behalf of the company in connection with the allotment and issuance. Additionally, a director is authorized to affix the common seal of the company to any required documents. Finally, any actions taken by directors and other officers prior to the adoption of these resolutions are ratified, approved, and confirmed.
The document concludes with the signature of the chairman and the title of director.
How to use this document?
1. Review the account and job details of the company, including the company number and registration number.
2. Ensure that a quorum is present and the meeting has been properly convened.
3. Elect a chairman for the meeting.
4. Declare any interests in the resolutions and arrangements contemplated in the document, in accordance with the articles of association of the company.
5. Receive and review a subscription letter from an employee for the allotment and issuance of shares.
6. Verify the availability of treasury shares for the allotment and issuance.
7. Carefully consider the transactions and assess their best interest and benefit to the company.
8. Approve the allotment and issuance of shares, believing it to be in the long-term commercial benefit and best interest of the company.
9. Authorize a director to sign, execute, seal, or despatch all necessary documents and perform acts on behalf of the company in connection with the allotment and issuance.
10. Authorize a director to affix the common seal of the company to any required documents.
11. Ratify, approve, and confirm any actions taken by directors and other officers prior to the adoption of these resolutions.
12. Sign the document as the chairman and indicate the title of director.
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