Shareholders Resolution - Authorising the Sale of the Corporation (England and Wales)
This Shareholders Resolution Authorising Sale of the Corporation is created for use in England and Wales. This form is available for immediate download.
Shareholders resolutions are records of official acts of a company’s shareholders taken as a group at a meeting where the shareholders are present. In general, a majority of the shareholders must vote on and approve a resolution in order for an act to take effect. Corporate resolutions voted on and executed by the shareholders become a part of the official corporate record. This form will assist in drafting a resolution authorising the sale of a corporation.
This lawyer-prepared packet contains:
This lawyer-prepared packet contains:
- General Instructions and Checklist
- Shareholders Resolution - Authorising Sale of the Corporation for use in England and Wales
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Shareholders Resolution
Authorising Sale of Corporation
(England and Wales)
This Packet Includes:
1. General Instructions and Checklist
2. Shareholders Resolution (Authorising Sale of
Corporation)
General Instructions and Checklist
Shareholders Resolution
(Authorising Sale of Corporation)
In order to adopt a Shareholders Resolution, generally a majority of the corporation’s shareholders must approve the resolution at a shareholders meeting, at which a quorum of shareholders exists. Some situations may vary based upon the particular terms of a corporation’s Articles of Association and bylaws. Consult your corporation’s Articles and the bylaws to determine exact requirements for adopting Shareholders Resolutions.
Shareholders resolutions are only necessary to approve major actions by the corporation, such as:
• Approving the sale of the corporation
• Approving the merger of the corporation with another company
• Approving the dissolution of the corporation
• Electing directors of the corporation
• Removing directors of the corporation
All shareholders of the corporation must sign the Consent for it to be valid.
Ensure that any resolutions meet the requirements of your company’s governing documents (i.e. Bylaws and Articles of Association).
The Consent, once finalised and signed, should be kept with your other corporate records.
Laws vary from time to time. These forms are not intended to be and are not a substitute for legal advice. These forms should only be a starting point for you and should not be used or signed before first consulting with a solicitor to ensure that it addresses your particular situation. A solicitor should be consulted before negotiating any document with another party.
The purchase and use of these forms is subject to the “Disclaimers and Terms of Use” found at www.findlegalforms.com.
DISCLAIMER:
FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice. The use of these materials is not a substitute for legal advice. Only a solicitor can provide legal advice. A solicitor should be consulted for all serious legal matters. No Solicitor-Client relationship is created by use of these materials.
THESE MATERIALS ARE PROVIDED “AS-IS.” FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS. THE MATERIALS ARE USED AT YOUR OWN RISK. IN NO EVENT WILL: I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS.
Resolution of the Shareholders of
[insert your company’s name]
[insert date]
A meeting of the shareholders of [Company Name], a company incorporated under the Companies Act 2006 (the “Corporation”) was held on _________, 20___, at ____________________. The shareholders present, in person or by proxy, constituted a quorum.
By majority vote, it was decided that __________ shares of the Corporation’s stock, representing a controlling interest in the Corporation, shall be sold to ________________________, located at ________________________.
NOW THEREFORE BE IT RESOLVED that the Corporation shall sell _____________ shares of its stock to __________________________, located at _________________________.
RESOLVED, FURTHER, that the officers of the Corporation are hereby authorised to perform any such acts, including execution of any and all documents and certificates, as such officers shall deem necessary or advisable, to carry out the purposes and intent of this resolution.
The undersigned, _________________________, certifies that he/she is the duly appointed secretary of the Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the shareholders thereof, convened and held in accordance with Articles of Association and the Bylaws of the Corporation on _______________, 20___, and that such resolution is now in full force and effect.
IN WITNESS THEREOF, I have affixed my name as Secretary of the Corporation and have attached the Company seal to this resolution.
________________________________
Signature of Secretary
________________________________
Printed Name of Secretary
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#33829
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Shareholders Resolution
Authorising Sale of Corporation
(England and Wales)
This Packet Includes:
1. General Instructions and Checklist
2. Shareholders Resolution (Authorising Sale of
Corporation)
General Instructions and Checklist
Shareholders Resolution
(Authorising Sale of Corporation)
In order to adopt a Shareholders Resolution, generally a majority of the corporation’s shareholders must approve the resolution at a shareholders meeting, at which a quorum of shareholders exists. Some situations may vary based upon the particular terms of a corporation’s Articles of Association and bylaws. Consult your corporation’s Articles and the bylaws to determine exact requirements for adopting Shareholders Resolutions.
Shareholders resolutions are only necessary to approve major actions by the corporation, such as:
• Approving the sale of the corporation
• Approving the merger of the corporation with another company
• Approving the dissolution of the corporation
• Electing directors of the corporation
• Removing directors of the corporation
All shareholders of the corporation must sign the Consent for it to be valid.
Ensure that any resolutions meet the requirements of your company’s governing documents (i.e. Bylaws and Articles of Association).
The Consent, once finalised and signed, should be kept with your other corporate records.
Laws vary from time to time. These forms are not intended to be and are not a substitute for legal advice. These forms should only be a starting point for you and should not be used or signed before first consulting with a solicitor to ensure that it addresses your particular situation. A solicitor should be consulted before negotiating any document with another party.
The purchase and use of these forms is subject to the “Disclaimers and Terms of Use” found at www.findlegalforms.com.
DISCLAIMER:
FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice. The use of these materials is not a substitute for legal advice. Only a solicitor can provide legal advice. A solicitor should be consulted for all serious legal matters. No Solicitor-Client relationship is created by use of these materials.
THESE MATERIALS ARE PROVIDED “AS-IS.” FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS. THE MATERIALS ARE USED AT YOUR OWN RISK. IN NO EVENT WILL: I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS.
Resolution of the Shareholders of
[insert your company’s name]
[insert date]
A meeting of the shareholders of [Company Name], a company incorporated under the Companies Act 2006 (the “Corporation”) was held on _________, 20___, at ____________________. The shareholders present, in person or by proxy, constituted a quorum.
By majority vote, it was decided that __________ shares of the Corporation’s stock, representing a controlling interest in the Corporation, shall be sold to ________________________, located at ________________________.
NOW THEREFORE BE IT RESOLVED that the Corporation shall sell _____________ shares of its stock to __________________________, located at _________________________.
RESOLVED, FURTHER, that the officers of the Corporation are hereby authorised to perform any such acts, including execution of any and all documents and certificates, as such officers shall deem necessary or advisable, to carry out the purposes and intent of this resolution.
The undersigned, _________________________, certifies that he/she is the duly appointed secretary of the Corporation and that the above is a true and correct copy of a resolution duly adopted at a meeting of the shareholders thereof, convened and held in accordance with Articles of Association and the Bylaws of the Corporation on _______________, 20___, and that such resolution is now in full force and effect.
IN WITNESS THEREOF, I have affixed my name as Secretary of the Corporation and have attached the Company seal to this resolution.
________________________________
Signature of Secretary
________________________________
Printed Name of Secretary
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