Directors' Resolution to Appoint Representative (Section 250D) (Circulating Resolution)This Directors' Resolution allows a company to appoint a representative who can exercise the company's voting power where the company is a shareholder of another company.
Under section 250D of the Corporations Act 2001 (Cth), companies are able to appoint representatives to exercise their powers at meetings of another company, or in voting for circulating resolutions. To appoint a representative under Section 250D, the company's directors must pass a resolution to that effect. Users should ensure that any methods of authorisation are in accordance with the company's constitution.
The document allows users to limit this power to certain meetings.
This resolution can be inserted into:
Where you wish to pass the resolution in a directors' meeting, you must use the documents above. Simply copy and paste the text of the resolution.