✉️ Board resolution

About this category

A board resolution is a formal document that records the decisions made by a board of directors or shareholders. The resolution is used to provide evidence of the board's authority to take certain actions. The resolution may also be used to delegate authority to officers or employees of the company.

✉️ Board resolution

templates

Section 338 Board Resolution To Consider Notice Of Resolution Requisitioned By Members

The board of directors considers a requisition from the company's members in accordance with section 338 of the Companies Act 2006. This is a sample resolution that the board can approve in order to respond to a notice of resolution requisitioned by members of a public company in accordance with section 338 of the Companies Act 2006.

What to watch out for

  • The requisition must be validly requisitioned in accordance with section 338 of the Companies Act 2006.
  • The requisition must be received by the company no later than the end of the period of 21 days beginning with the day on which the requisition is first validly requisitioned.
  • The requisition must be signed by the requisitionists and must state the names, addresses and descriptions of the requisitionists.
  • The requisition must state the text of the resolution proposed to be passed at the meeting.
  • Contract template sketch
    3
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    10
    Share icon, to represent the number of times this template has been shared by Genie AI users
    0

    Written Resolution Of Members To Approve A Guarantee (Private Company)

    A form of written resolution under Chapter 2 of Part 13 of the Companies Act 2006, to approve the terms of, and transactions contemplated by, a guarantee. This resolution must be returned to the company in hard copy form.

    What to watch out for

  • The form of the written resolution
  • The terms of the guarantee
  • The transactions contemplated by the guarantee
  • Contract template sketch
    5
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    8
    Share icon, to represent the number of times this template has been shared by Genie AI users
    3

    Standard Resolution To Approve Funding To A Director For Expenses On Company Business (Board Minutes)

    A resolution by the board of directors to approve funding to a director for expenditure on company business, in accordance with the exception in section 204 of the Companies Act 2006.

    What to watch out for

  • That the board approves the funding
  • That the director is authorised to spend the funds on company business
  • That the expenditure is in accordance with section 204 of the Companies Act 2006
  • Contract template sketch
    4
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    8
    Share icon, to represent the number of times this template has been shared by Genie AI users
    1

    Section 338A Board Resolution To Consider Including Matter In Business Of Agm Requisitioned By Members

    The board of directors resolves to consider the requisition of the company's members in accordance with section 338A of the Companies Act 2006. The attached specimen board resolution provides for the approval of the inclusion of a matter in the business to be dealt with at an AGM of a traded company, requisitioned by the company's members pursuant to section 338A of the Companies Act 2006.

    What to watch out for

  • The requisition must be made by the company's members
  • The matter to be included in the business must be approved by the board
  • The board must resolve to include the matter in the business to be dealt with at an AGM
  • Contract template sketch
    2
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    7
    Share icon, to represent the number of times this template has been shared by Genie AI users
    3

    Standard Resolution To Approve A Small Loan To A Director (Board Minutes)

    The board of directors has approved a small loan to a director of the company. This is allowed under section 207(1) of the Companies Act 2006, which allows for minor and business transactions without member approval.

    What to watch out for

  • The amount of the loan
  • Whether the loan is for a business or personal transaction
  • The repayment terms of the loan
  • Whether the loan is secured or unsecured
  • Contract template sketch
    4
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    6
    Share icon, to represent the number of times this template has been shared by Genie AI users
    2

    Multiple Resolutions with One Voting Option (Written Resolution of Members)

    This is a written resolution of members under the Companies Act 2006, for private companies only. This form should be used where multiple resolutions are proposed, and where the member(s) can either signify agreement to all proposed resolutions or none.

    What to watch out for

  • That the member(s) can only signify agreement to all proposed resolutions or none;
  • That the form is a skeleton form and should only be used by private companies.
  • Contract template sketch
    3
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    6
    Share icon, to represent the number of times this template has been shared by Genie AI users
    1

    Written Resolution To Amend Articles of Association To Remove Director Discretion Where Share Security is Taken

    A legal document that allows private companies to amend their articles of association to remove the directors' discretion to register share transfers and shareholders' pre-emption rights on transfer, written in accordance with Chapter 2 of Part 13 of the Companies Act 2006.

    What to watch out for

  • The directors' discretion to register share transfers and shareholders' pre
  • emption rights on transfer should be removed.
  • The form of written resolution should be used only by private companies.
  • Contract template sketch
    2
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    6
    Share icon, to represent the number of times this template has been shared by Genie AI users
    1

    Board Resolution To Approve The Form And Sending Of Written Members' Resolution

    A board resolution approving a written members' resolution (to be inserted into board minutes).

    What to watch out for

  • The board's approval of the form of the resolution
  • The sending of a written resolution of members
  • Specimen board resolution providing for the approval of a written members' resolution
  • Contract template sketch
    5
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    5
    Share icon, to represent the number of times this template has been shared by Genie AI users
    0

    Section 303 Board Resolution To Consider Notice Of General Meeting Requisitioned By Members

    The board of directors considered a requisition from the company's members pursuant to section 303 of the Companies Act 2006. The following resolution was approved to be inserted into the board minutes: [Provide resolution here].

    What to watch out for

  • The requisition must be valid (i.e. signed by the requisite number of shareholders)
  • The shareholders must have given the company the requisite notice
  • The board must consider the requisition
  • The board must approve the notice of general meeting requisitioned by the shareholders
  • Contract template sketch
    5
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    5
    Share icon, to represent the number of times this template has been shared by Genie AI users
    0

    Section 314 Board Resolution To Consider Circulation Of Statement Requisitioned By Members

    The board of directors considers a requisition from the company's members in accordance with section 314 of the Companies Act 2006. The attached specimen board resolution approves the circulation of a statement requisitioned by members of the company in accordance with section 314 of the Companies Act 2006.

    What to watch out for

  • The requisition must be signed by the members
  • The requisition must state the name of the company and the address of its registered office
  • The requisition must state the ground on which the meeting is being called
  • The requisition must be delivered to the company's registered office
  • Contract template sketch
    4
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    5
    Share icon, to represent the number of times this template has been shared by Genie AI users
    0

    Approving Third Party Security (Written Resolution Of Members)

    A legal document approving third-party security, written by members under the Companies Act 2006.

    What to watch out for

  • That the company is entitled to grant the security
  • That the security is properly granted
  • That the security is for the benefit of the company
  • That the security is not voidable under any applicable law
  • Contract template sketch
    2
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    4
    Share icon, to represent the number of times this template has been shared by Genie AI users
    1

    Member Resolution To Amend Articles Of Association

    This document provides two alternative forms of resolution that may be used to amend or alter a company's articles of association, as well as a form of explanatory wording that premium listed companies should include in the circular to shareholders.

    What to watch out for

  • That the company's objects or articles of association are being altered
  • The form of resolution that is being used
  • The explanatory wording that is included in the circular to shareholders
  • Contract template sketch
    1
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    4
    Share icon, to represent the number of times this template has been shared by Genie AI users
    2

    Standard Board Resolution (Directors)

    A written resolution of the board of directors is a legal document that outlines the board's decision on a particular issue.

    What to watch out for

  • The form of the resolution
  • Who is proposing the resolution
  • The purpose of the resolution
  • The date of the resolution
  • The vote required for the resolution to pass
  • Contract template sketch
    2
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    4
    Share icon, to represent the number of times this template has been shared by Genie AI users
    0

    Multiple Resolutions with Different Voting Options (Written Resolution of Members)

    This is a written resolution of members under the Companies Act 2006 that allows for multiple resolutions with different voting options. This is a skeleton form of written resolution that should only be used by private companies. This version should be used where multiple resolutions are proposed and where the member(s) can signify agreement to each resolution separately (enabling them to vote in favour of some and against others).

    What to watch out for

  • That the member(s) can signify agreement to each resolution separately (enabling them to vote in favour of some and against others)
  • Contract template sketch
    1
    An outline stencil of a pencil to represent the number of uses this contract template has had.
    3
    Share icon, to represent the number of times this template has been shared by Genie AI users
    0

    Associated business activities

    Approve board resolution

    to grant someone authority There are many reasons why someone might want to approve a board resolution. For example, if a company is looking to grant someone authority to sign contracts on its behalf, a board resolution would be required. Board resolutions can also be used to approve the budget for a new project, or to authorize the issuance of new shares.

    Approve a company transaction

    There are several reasons why someone might want to approve a company transaction. First, they may want to ensure that the company is acting in its best interests. Second, they may want to protect the company from liability. Third, they may want to ensure that the company is complying with the law.

    Approve funding to director

    1. The Board of Directors may approve funding for the director in order to allow the director to continue to work on behalf of the company. 2. The Board of Directors may approve funding for the director in order to provide the director with the resources necessary to continue their work on behalf of the company. 3. The Board of Directors may approve funding for the director in order to provide the director with the resources necessary to continue their work on behalf of the company and to protect the company's interests.

    Approve loan to director

    A company may approve a loan to a director in order to secure funding for the business. This may be done when the company is unable to obtain funding from traditional sources, such as banks. The company may also feel that the director is a good investment and is likely to repay the loan.

    Approve requisition

    There are several reasons why someone might want to approve a requisition. First, it ensures that the company is following its own internal procedures and policies. Second, it helps to protect the company from legal liability in the event that something goes wrong with the project. Finally, it helps to ensure that the project is completed in a timely and efficient manner.

    Alter company objects

    The company's objects clause sets out the purpose for which the company is formed. This purpose may need to be changed from time to time to reflect the changing business of the company. For example, a company may need to add or remove objects to reflect a change in the business model. A company may also need to alter its objects to comply with new legislation.

    Approve security

    There are a few reasons someone might want to approve security via a board resolution. Firstly, it formalizes the decision and makes it binding on the company. Secondly, it provides a level of protection for the directors in case the security turns out to be unsuccessful. Finally, it allows the company to raise the necessary funds without going through a lengthy and expensive process.

    Amend articles of association

    1. An individual might want to amend articles of association to change the company's name. 2. An individual might want to amend articles of association to change the company's registered address. 3. An individual might want to amend articles of association to change the company's purpose or objectives.

    Vote on resolutions

    A Board resolution is a document that is created by the board of directors of a company in order to make important decisions about the company. This type of resolution is often used when the board needs to vote on important matters, such as the approval of a new product or the hiring of a new CEO.

    Resolution of members

    1. A Board resolution may be used to resolve members' disputes and avoid costly and time-consuming litigation. 2. A Board resolution may also be used to establish corporate governance procedures and policies. 3. Finally, a Board resolution can be used to address any other matter that the Board of Directors deems necessary or advisable.

    Pass written resolution

    When a company's board of directors needs to make a decision, they can do so either by meeting in person or by passing a written resolution. Written resolutions are typically used when all the directors are in agreement and there is no need to hold a meeting. This is because written resolutions are less time-consuming and are more efficient than holding a meeting. Additionally, written resolutions can be used to make decisions when it is not possible for all the directors to meet in person.

    Create a board resolution

    to 1. A board resolution may be used to formalize a decision made by the board of directors of a company. 2. A board resolution may be used to delegate authority to a committee or individual. 3. A board resolution may be used to provide direction to management on a particular issue.

    Legal firms who might be able to help

    Note: Although we list lawyers as well as legal firms who may be able to help, this does not indicate that the listed law firms have an affiliation or partnership with Genie AI.

    Holmes & Hills LLP Solicitors Sudbury

    Holmes & Hills LLP Solicitors Sudbury

    Corporate law firm

    01787 275275

    Administration

    Data Protection

    Financial services

    IP

    Investment

    Mullenders Solicitors

    Mullenders Solicitors

    Corporate law firm

    020 3322 8771

    Administration

    Data Protection

    Financial services

    IP

    Investment

    Rubric Law

    Rubric Law

    Commercial Law Firm

    01454 800 008

    Administration

    Data Protection

    Employment

    Financial services

    IP