Resolution of Board of Directors

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A private limited liability company in Nigeria is a widely chosen business structure, offering protection to its shareholders by limiting their liability to the amount of shares they hold in the company. This option is commonly embraced by small to medium-sized enterprises (SMEs) and family-owned businesses.

A public limited liability company operates on a larger scale and involves more extensive regulatory compliance. This business structure allows its shares to be traded publicly on a stock exchange and is often pursued by companies looking to raise capital from the public.

A company limited by guarantee is frequently used as a not-for-profit organization, charities, and associations in Nigeria. Instead of having a share capital, it relies on guarantees from its members who commit to providing a specific amount in case the company is dissolved.

In an unlimited liability company, shareholders bear full responsibility for the company's debts without any restrictions.

Indicate the kind of company that will use this resolution. The company's certificate of incorporation and Memorandum and Articles of Association specify the type of company it is.

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RESOLUTION

OF

THE BOARD OF DIRECTORS

OF

________

At the meeting of the Board of Directors of ________ (the "Company") duly convened and held at the principal place of business on ________, the following resolutions were proposed and duly passed:

1. That ________ be and is hereby appointed as Director of the Company.

2. That ________ be and is hereby removed as Director of the Company.

3. That ________ be and is hereby appointed as Company Secretary of the Company.

4. That ________ be and is hereby appointed as an auditor of the Company.

5. That the registered address of the Company be and is hereby changed to ________.

6. That the name of the Company be changed from ________ to ________.

7. That the Memorandum and Articles of Association be and is hereby amended to reflect the change of name from ________ to ________.

8. That the share capital of the Company be and is hereby increased from ₦________ (________) to ₦________ (________) divided into ________ at ₦________ each.

9. That the transfer of ________ shares from ________ to ________ be and is hereby approved.

10. That the Company be and is hereby authorized to acquire equity in ________.

11. That ________ is hereby authorized to represent the Company as a shareholder of ________.

The following allotment be and is hereby approved:

12. That the Board hereby approves the allotment of ________ shares to ________

13. 5552 252 8222522 528522552 82 525 88 525282 5525258225 22 2522 228288552 82228 52858525 22 2882 2588 222282 22 2588 5282852822 82 828 825225522 5282558 52 252 825225522 8225858 8222888822.


DATED THIS______________Day of___________________________20_______




___________________________
DIRECTOR





___________________________
DIRECTOR/SECRETARY

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RESOLUTION

OF

THE BOARD OF DIRECTORS

OF

________

At the meeting of the Board of Directors of ________ (the "Company") duly convened and held at the principal place of business on ________, the following resolutions were proposed and duly passed:

1. That ________ be and is hereby appointed as Director of the Company.

2. That ________ be and is hereby removed as Director of the Company.

3. That ________ be and is hereby appointed as Company Secretary of the Company.

4. That ________ be and is hereby appointed as an auditor of the Company.

5. That the registered address of the Company be and is hereby changed to ________.

6. That the name of the Company be changed from ________ to ________.

7. That the Memorandum and Articles of Association be and is hereby amended to reflect the change of name from ________ to ________.

8. That the share capital of the Company be and is hereby increased from ₦________ (________) to ₦________ (________) divided into ________ at ₦________ each.

9. That the transfer of ________ shares from ________ to ________ be and is hereby approved.

10. That the Company be and is hereby authorized to acquire equity in ________.

11. That ________ is hereby authorized to represent the Company as a shareholder of ________.

The following allotment be and is hereby approved:

12. That the Board hereby approves the allotment of ________ shares to ________

13. 5552 252 8222522 528522552 82 525 88 525282 5525258225 22 2522 228288552 82228 52858525 22 2882 2588 222282 22 2588 5282852822 82 828 825225522 5282558 52 252 825225522 8225858 8222888822.


DATED THIS______________Day of___________________________20_______




___________________________
DIRECTOR





___________________________
DIRECTOR/SECRETARY

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