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Resolution of a Company or Board of Directors Fill out the template

Resolution of a Company or Board of Directors

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Last revision: Last week

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Available formats: Word and PDF

Rating: 4.5 - 1 vote

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Resolution of a Company or Board of Directors

A Resolution of a Company or Board of Directors is a document that outlines the decisions made by the company or the board of directors in a meeting. This document can be adopted either as a board resolution or resolution of members of the company. A company resolution is the decision made by the members of the company at any general meeting, while board resolution is the decision made by the directors of the company at any board meeting.

Generally, a resolution is made after a meeting has been duly convened and held. However, the law permits members of a private company to make written resolution. This requires members of the company may make a decision without having any meeting. They can simply make a collective written resolution.

There are two categories of resolution, namely:

  • Special Resolution: This is the decision of at least 75% of the members of the company. This means that for a special resolution to be passed, it requires the vote of at least 75% of the members of the company. There are some statutory changes that requires a special resolution, such as change/alteration of any provision in the memorandum and articles of association of a company, changing the name of a company, the voluntary winding of a company etc.
  • Ordinary Resolution: This is the decision/vote of at least 51% (majority vote) of the members/board of directors of the company. Some decisions that may require an ordinary resolution include: election/re-election of directors, appointment of auditors, acceptance of financial and directors report at the general meeting, appointment and removal of directors.

For a resolution to pass, it must meet the following criteria:

  • the resolution must be passed at a meeting (except it is a written resolution which does not require a meeting to be convened) which is properly convened and satisfied any quorum (this is the minimum number of members/directors that must be present in a meeting as stipulated in the Articles of Association). However, where a quorum is not present, the decisions made in the meeting may be invalid;
  • this resolution must be drafted and put in the company's records; and
  • if a meeting was duly convened and held, the Minutes of Meeting where the resolution was passed must be signed by the chairman and company secretary (if applicable).

How to use this document

This document can be used when the directors or the members of a company have made decisions relating to the company. of the company. These decisions may include, a change of the company's name, change of business address, change of objects of the company, allotment of company shares financing, increase or reduction of the company's share capital.

When the document is completely filled, this document should be signed by either two directors or one director and one secretary.


Applicable law

The Companies and Allied Matters Act, 2020 applies to this document.


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