Written Resolutions of Sole Member / Members / Shareholders

The document titled 'Written Resolutions of Sole Member / Members / Shareholders' is an important document for a company as it outlines the resolutions agreed upon by the sole member or members of the company. The document begins with a brief introduction stating the authority of the undersigned person(s) to attend and vote at a general meeting of the company. It then proceeds to list the resolutions that have been agreed upon.

 

The first section of the document addresses the authorized capital of the company. If there is a need to increase the authorized share capital, it specifies the amount and type of additional ordinary shares to be created. This ensures that the company has the necessary capital for its operations.

 

The next section deals with a potential change of the company's name. If there is a decision to change the name, it is clearly stated in this section. This can be important for rebranding purposes or to reflect a change in the company's focus.

 

If there is a need to alter the memorandum of association, the document provides a section for this purpose. It states that the existing sub-clause will be deleted and replaced with a new statement of objects. This ensures that the company's objectives are accurately reflected in its memorandum of association.

 

Similarly, if there is a need to change the articles of association, the document provides a section for this purpose. It states that the new regulations, attached to the written resolution, will replace the existing articles of association. This ensures that the company's internal rules and regulations are up to date.

 

The document also addresses the allotment of securities. It grants the directors the authority to allot relevant securities up to a certain nominal amount for a specified period. This ensures that the company has the flexibility to issue securities when needed.

 

Finally, the document includes provisions for signatures and communication with the company's auditors. It provides spaces for the sole member or members to sign and date the document. If there is an auditor appointed, a copy of the resolution is sent to them, and their confirmation of receipt is included.

 

In summary, the 'Written Resolutions of Sole Member / Members / Shareholders' document is a comprehensive record of the resolutions agreed upon by the sole member or members of a company. It covers important aspects such as authorized capital, company name change, alteration of memorandum and articles of association, allotment of securities, and communication with auditors.

How to use this document?

1. Determine the need for resolutions: Assess whether there is a need for resolutions regarding authorized capital, company name change, alteration of memorandum or articles of association, or allotment of securities.

2. Prepare the document: Fill in the relevant sections of the document based on the decisions made. Provide accurate and detailed information to ensure clarity.

3. Obtain signatures: If the document is for a sole member, ensure that the sole member signs and dates the document. If there are multiple members, provide enough signing spaces for each member to sign and date.

4. Communicate with auditors (if applicable): If there is an auditor appointed, send a copy of the resolution to them. Obtain their confirmation of receipt.

5. Store the document: Keep a copy of the document in a secure location for future reference and compliance purposes.

Note: It is important to consult legal and financial professionals when preparing and executing resolutions to ensure compliance with applicable laws and regulations.