Directors' Resolution to Change Principal Place of Business (Circulating Resolution)
This Directors Resolution to Change Principal Place of Business is used to make changes to your business address.
4.8 (4 reviews)
Last updated December 20, 2024
under 5 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
When a company decides to change its principal place of business, this is done so in a meeting of the Directors of the company. Just as every change decided upon in a company meeting needs to be documented as a resolution, so too does the decision made by the directors to change the company’s principal place of business.
It is important that this is recorded as you have 28 days within which to notify ASIC of this change from the date it is made. If ASIC is not notified within this period, fines will apply.
The Legal Risk Score of a Directors' Resolution to Change Principal Place of Business (Circulating Resolution) Template
Our legal team have marked this document as medium risk considering:
- There is a risk associated with the proper notification to the Australian Securities and Investment Commission, as failure to notify them of the change in the principal place of business could lead to regulatory issues or penalties.
- The document relies on unanimous consent from all officeholders entitled to vote, posing a risk of delays or complications if not all are in agreement or available to sign promptly.
- It may have a significant impact on the business operations.
Directors' Resolution to Change Principal Place of Business (Circulating Resolution) Checklist
Complete your free Directors' Resolution to Change Principal Place of Business (Circulating Resolution) with our checklist
Ensure Unanimous Consent
All officeholders entitled to vote must confirm their agreement to the resolution as stated in the document.
Complete and Sign the Document
Ensure that the resolution document is duly signed by all required parties on the specified date.
Notify ASIC
"The Australian Securities and Investment Commission is to be notified of this change," so make sure to formally inform them about the change in the principal place of business.
Update Records
After notifying ASIC, update all internal and external records to reflect the new principal place of business to maintain consistency and compliance.
Use this Directors Resolution to Change Principal Place of Business if:
- You are a director of a company
- You want to change the company’s principal place of business
- You want accurate records of your meetings where a decision to change the company’s principal place of business has been made
What does the Directors Resolution to Change Principal Place of Business cover?
- Details of the meeting where the decision was made
- Details of the address which is to be the company’s new principal place of business
- Confirmation that ASIC will be notified of this change
Other names for a Directors Resolution to Change Principal Place of Business include:
- Resolution to change principal place of business
- Directors Resolution
Other documents you may need:
View Sample Directors' Resolution to Change Principal Place of Business (Circulating Resolution)
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