Directors' Resolution to Remove an Officeholder (Circulating Resolution)
This Resolution is used to confirm and record the removal of an officeholder (director) from a company.
4.0 (4 reviews)
Last updated January 15, 2025
Under 5 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
A Directors Resolution to Remove an Officeholder is used to confirm and record the removal of an officeholder from a company. When a company decides to remove an officeholder, an officeholder has decided to leave a company or the period has ended for an alternate director, 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 remove an officeholder.
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 Remove an Officeholder (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.
- Removing a director can be a controversial process.
Users familiar with corporate governance 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 Remove an Officeholder (Circulating Resolution) Checklist
Complete your free Directors' Resolution to Remove an Officeholder (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.
Notify ASIC
ASIC must be notified of this appointment within 28 days.
Use this Directors Resolution to Remove an Officeholder if:
- You are a director of a company
- You need to remove an officeholder from the company
- You want accurate records of your meetings where a decision to appoint a new officeholder to the company has been made
What does the Directors Resolution to Remove an Officeholder cover?
- Details of the meeting where the decision was made
- Details of the officeholder to be removed from the company
- Confirmation that ASIC will be notified of this change
Other documents you may need:
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