Written Resolutions of Sole Member / Members / Shareholders

The document titled 'Written Resolutions of Sole Member / Members / Shareholders' is an important document that outlines the resolutions agreed upon by the sole member or members of a company. It serves as a formal record of decisions made outside of a general meeting and is legally binding. The document begins with a brief introduction, addressing whether it is written resolutions of a sole member or multiple members. It then proceeds to outline the resolutions in a clear and concise manner.

 

The first resolution pertains to the allotment of securities. It authorizes the directors of the company to allot relevant securities up to a specified nominal amount for a period of five years. This authority can be renewed, varied, or revoked by the company in a general meeting. The resolution also allows the directors to make offers or agreements that may require the allotment of securities after the expiry of this authority.

 

The second resolution empowers the directors to allot equity securities for cash, in accordance with the authority granted in the previous resolution. This power ceases to have effect when the authority is revoked or expires. Similar to the first resolution, the directors may allot equity securities in pursuance of offers or agreements made after the expiry of this power.

 

If the document is for a sole member, there is a space provided for the signature of the sole member, along with their account first name, account last name, and the current date. If the document is for multiple members, there are spaces provided for each member to sign, along with their names and the date.

 

Additionally, if there is an auditor appointed for the company, a copy of the resolution is sent to the auditor, and their confirmation of receiving the resolution is included in the document.

 

Overall, this document is crucial for recording and formalizing the decisions made by the sole member or members of a company outside of a general meeting.

How to use this document?

To effectively use the 'Written Resolutions of Sole Member / Members / Shareholders' document, follow these steps:

1. Determine the type of resolutions: Identify whether the document is for the resolutions of a sole member or multiple members. This will help in understanding the context of the resolutions.

2. Read the introduction: Familiarize yourself with the introductory section of the document, which provides important information about the purpose and authority of the resolutions.

3. Review the first resolution: Understand the details of the first resolution, which pertains to the allotment of securities. Take note of the authorized nominal amount, the duration of the authority, and the possibility of making offers or agreements after the expiry of the authority.

4. Understand the second resolution: Grasp the content of the second resolution, which empowers the directors to allot equity securities for cash. Note the conditions under which this power ceases to have effect.

5. Sign the document: If you are the sole member, sign the document in the designated space, providing your account first name, account last name, and the current date. If you are one of multiple members, sign the document in the provided spaces, along with your name and the date.

6. Notify the auditor (if applicable): If there is an auditor appointed for the company, send a copy of the resolution to them. Ensure to receive confirmation of their receipt of the resolution.

By following these steps, you can effectively utilize the 'Written Resolutions of Sole Member / Members / Shareholders' document and ensure compliance with the resolutions agreed upon by the sole member or members of the company.