A Board Resolution For Call On Shares is a crucial corporate governance document used when a Nigerian company needs to collect unpaid capital on partly paid shares. This resolution is implemented under the framework of the Companies and Allied Matters Act (CAMA) 2020 and must align with the company's Articles of Association. It is typically used when a company requires additional capital for expansion, operations, or other corporate purposes, and decides to call up unpaid amounts on shares rather than seeking new financing. The document must include specific details about the call amount, timing, payment methods, and consequences of non-payment. It serves as official evidence of the board's decision and provides legal protection for the company when enforcing payment obligations against shareholders.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Title and Date: Formal title of the resolution and date of the board meeting
2. Company Details: Full legal name and registration number of the company
3. Meeting Details: Time, place, and mode (physical/virtual) of the board meeting
4. Attendance and Quorum: List of directors present and confirmation of quorum requirements being met
5. Notice and Compliance: Confirmation that proper notice was given and meeting complies with CAMA and Articles
6. Background: Context for the call on shares, including reference to relevant articles and prior board decisions
7. Call Details: Specific details of the call including amount per share and total amount being called
8. Payment Terms: Due date, payment method, and consequences of non-payment
9. Primary Resolutions: The main resolution(s) for making the call on shares
10. Authority to Execute: Authorization for specific officers to implement the resolution
11. Closure: Formal closing of the resolution including chairman's signature
1. Installment Schedule: Required when calls are to be paid in installments
2. Class-Specific Provisions: Needed when call applies differently to different share classes
3. Interest Rate Declaration: Required when specifying interest charges for late payment
4. Forfeiture Provisions: Detailed procedures for share forfeiture in case of non-payment
5. Electronic Payment Arrangements: Specific details for electronic payment methods if offered
6. Notice Format: Template for notices to be sent to shareholders
1. Schedule A - Share Details: Detailed list of shares being called, including share numbers and shareholders
2. Schedule B - Payment Instructions: Detailed payment instructions and bank account details
3. Appendix 1 - Notice Template: Template of the formal notice to be sent to shareholders
4. Appendix 2 - Relevant Articles: Extract of relevant articles from the company's Articles of Association
5. Appendix 3 - Board Authority: Extract from Articles confirming board's authority to make calls
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Manufacturing
Technology
Real Estate
Energy
Healthcare
Telecommunications
Mining
Agriculture
Construction
Retail
Transportation
Professional Services
Relevant Teams
Legal
Finance
Corporate Secretariat
Compliance
Corporate Affairs
Investor Relations
Board Secretariat
Share Registry
Relevant Roles
Chief Executive Officer
Company Secretary
Chief Financial Officer
Legal Counsel
Board Chairman
Director
Corporate Governance Officer
Share Registrar
Financial Controller
Compliance Officer
Corporate Affairs Manager
Investment Relations Manager
Find the exact document you need
Resolution To Add Director
A Nigerian law-compliant corporate resolution document for the formal appointment of a new director to a company's board, including statutory declarations and regulatory filing authorizations.
find out more
Board Resolution Ratification
A formal document under Nigerian law used to validate and confirm previous board resolutions, ensuring compliance with CAMA 2020 and corporate governance requirements.
find out more
Board Resolution For Takeover Of Company
A formal Nigerian corporate document evidencing board approval and authorization for a company takeover, compliant with CAMA 2020 requirements.
find out more
Board Resolution For Subscription Of Shares
A Nigerian corporate document recording board approval for new share issuance, compliant with CAMA 2020 requirements.
find out more
Board Resolution For Shifting Of Registered Office
A Nigerian corporate document recording the board's formal decision to change the company's registered office location, compliant with CAMA 2020.
find out more
Board Resolution For Removal Of Authorised Signatory
A formal Nigerian corporate document removing an individual's authority to sign documents and conduct banking transactions on behalf of a company, in compliance with CAMA 2020.
find out more
Board Resolution For Joint Venture Agreement
A Nigerian corporate document recording board approval for entering into a joint venture arrangement, including necessary authorizations and governance elements.
find out more
Board Resolution For Increase In Authorised Share Capital
A Nigerian corporate document recording the board's resolution to increase the company's authorized share capital, compliant with CAMA 2020.
find out more
Board Resolution For Conversion Of Loan Into Equity
A Nigerian law-governed board resolution document authorizing the conversion of a company loan into equity shares.
find out more
Board Resolution For Authorisation To Represent The Company
A Nigerian corporate resolution authorizing designated individuals to represent and act on behalf of the company, in compliance with CAMA 2020.
find out more
Board Resolution Approving Transaction
A Nigerian corporate document recording board approval for a specific transaction, compliant with CAMA 2020 requirements.
find out more
Board Resolution Appointment Of Auditor
A Nigerian corporate resolution documenting the board's formal appointment of an external auditor, in compliance with CAMA 2020.
find out more
Board Resolution Appointing Representative
A Nigerian corporate resolution documenting the board's appointment of a company representative and specifying their powers and authority under CAMA 2020.
find out more
Resolution For Signing Authority In Bank
A Nigerian corporate resolution that authorizes specific individuals to operate company bank accounts and conduct banking transactions under Nigerian banking laws.
find out more
Board Resolution For Incorporation Of Wholly Owned Subsidiary
A board resolution authorizing the incorporation of a wholly owned subsidiary under Nigerian law, compliant with CAMA 2020.
find out more
Board Resolution For Company Closure
A formal Nigerian board resolution documenting the decision to close a company and outline the closure process, compliant with CAMA 2020.
find out more
Resolution For Opening Bank Account Of Society
A legal resolution document under Nigerian law authorizing the opening and operation of a bank account for a registered society.
find out more
Board Resolution For Ratification Of Agreement
A formal Nigerian corporate document recording board approval and ratification of an agreement, governed by CAMA 2020.
find out more
Board Resolution For Share Purchase Agreement
A Nigerian law-governed corporate resolution documenting board approval and authorization for a share purchase agreement, in compliance with CAMA 2020.
find out more
Board Resolution For One Person Company
A formal Nigerian legal document recording decisions made by the sole director-shareholder of a one-person company under CAMA 2020.
find out more
Board Resolution For Change In Shareholding Pattern
A Nigerian corporate document recording board approval for changes in company share ownership structure, compliant with CAMA 2020 requirements.
find out more
Board Resolution For Appointment Of Legal Representative
A Nigerian board resolution document appointing a legal representative and defining their scope of authority under CAMA 2020.
find out more
Board Resolution Change Of Directors
A formal Nigerian corporate document recording board decisions regarding changes in company directorship, compliant with CAMA 2020 requirements.
find out more
Board Resolution Change Of Address
A formal Nigerian corporate document recording the board's approval to change the company's registered address, compliant with CAMA 2020.
find out more
Appointing A Director By Ordinary Resolution
A Nigerian legal document for appointing a company director through ordinary resolution under CAMA 2020.
find out more
Corporate Resolution Signing Authority
A Nigerian corporate resolution that designates authorized individuals to sign documents and enter into binding agreements on behalf of a company, in compliance with CAMA 2020.
find out more
Resolution To Add Signatory To Bank Account
A Nigerian corporate resolution authorizing the addition of a new signatory to company bank account(s), compliant with BOFIA and CAMA regulations.
find out more
Board Resolution For Call On Shares
A Nigerian corporate resolution authorizing the board to require payment of unpaid amounts on partly paid shares, compliant with CAMA 2020.
find out more
Board Resolution For Bank Guarantee
A Nigerian corporate document authorizing company representatives to obtain and execute a bank guarantee, compliant with CAMA 2020 and banking regulations.
find out more
Board Resolution For Appointment Of Corporate Representative
A Nigerian law-compliant board resolution document appointing and authorizing a corporate representative to act on behalf of the company.
find out more
Board Resolution Accepting Resignation Of Director
A Nigerian corporate resolution documenting the board's formal acceptance of a director's resignation, compliant with CAMA 2020.
find out more
Board Resolution For Transfer Of Vehicle
A Nigerian corporate document authorizing the transfer of a company-owned vehicle, compliant with CAMA 2020 and road traffic regulations.
find out more
Board Resolution For Incorporation Of Company
A formal Nigerian corporate document recording board decisions and authorizations for company incorporation, required under CAMA 2020 for CAC registration.
find out more
Board Resolution For Digital Signature
A Nigerian board resolution authorizing the implementation and use of digital signatures in company operations, compliant with CAMA 2020 and electronic transaction laws.
find out more
Board Resolution For Declaration Of Dividend
A Nigerian corporate document recording the board's formal resolution to declare and pay dividends to shareholders, in compliance with CAMA 2020.
find out more
Board Resolution For Creation Of Charge
A Nigerian corporate document authorizing the creation of a security interest over company assets, requiring board approval and CAC registration under CAMA 2020.
find out more
Appointment Of Auditor Resolution
A Nigerian corporate resolution document for the formal appointment of an external auditor in compliance with CAMA 2020.
find out more
Resolution To Change Bank Signatories
A Nigerian law-governed corporate resolution authorizing changes to company bank account signatories, specifying new signing mandates and transaction limits.
find out more
Directors Resolution
A formal document recording board decisions under Nigerian law, compliant with CAMA 2020 requirements.
find out more
Board Resolution For Sale Of Company
A Nigerian law-compliant board resolution document authorizing and approving the sale of a company, providing formal corporate approval under CAMA 2020.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)