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.
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Last updated October 16, 2024
Under 3 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
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.
The Legal Risk Score of a Directors' Resolution to Appoint Representative (Section 250D) (Circulating Resolution) Template
Our legal team have marked this document as low risk considering:
- Even if this document is not signed effectively, the authorisation of the representative can be corrected or revoked through the implicit conduct of the directors or through passing another resolution.
- It allows the directors to restrict the authority of the representative.
- The company is able to appoint further representatives.
Directors' Resolution to Appoint Representative (Section 250D) (Circulating Resolution) Checklist
Complete your free Directors' Resolution to Appoint Representative (Section 250D) (Circulating Resolution) with our checklist
Get every director to sign this resolution
As a circulating resolution, it will only be valid with the signature of every director of the company.
Keep the document readily available
Some parties will want proof that they are dealing with the authorised party. You should have this document ready to provide to such parties.
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