Directors' Resolution to Issue Shares (Circulating Resolution)
This Directors' Resolution may be used to approve an issue of shares to particular (prospective) shareholders.
5.0 (3 reviews)
Last updated January 15, 2025
Under 10 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
In order to issue shares in the company to a prospective member, a resolution of directors is required to:
- accept the application for the shares from the prospective member;
- accept the funds;
- issue share certificate; and
- enter the new member and their shareholding on the register of members.
For this resolution to be effective, you must attach to the resolution a form with all details of the shares to be issued, including the reference number for each separate issue, allottee, class and number of shares, and issue price.
This resolution can also 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 Issue Shares (Circulating Resolution) Template
Our legal team have marked this document as medium risk considering:
- This is a standard document.
- The resolution relies on the unanimous consent of all officeholders, which could delay or complicate the appointment process if consensus is not readily achieved.
- This resolution must be carried out within other share issue processes in order to be effective.
Users familiar with corporate transactions will find the document straightforward, but should remain cautious about these gaps and consider additional safeguards or clarifications to mitigate potential risks.
Directors' Resolution to Issue Shares (Circulating Resolution) Checklist
Complete your free Directors' Resolution to Issue Shares (Circulating Resolution) with our checklist
Verify Signatures
Ensure that all officeholders who are entitled to vote have signed the document to confirm their unanimous agreement on the resolution.
Record Keeping
Maintain a copy of the signed resolution in the company’s records for legal and administrative reference.
Carry out Share Issues
This is a complex issue and it is recommended that you consult a lawyer.
View Sample Directors' Resolution to Issue Shares (Circulating Resolution)
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