First Meeting of Members Resolution
This First Meeting of Members Resolution document provides a template for you to keep a record of the share resolutions proposed and accepted by the members of your company.
4.4 (8 reviews)
Last updated November 22, 2024
Under 10 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
A resolution is a formal means by which decisions are made by a meeting of company shareholders. This First Meeting of Members Resolution document provides a template for you to keep a record of the issuing of new shares by resolution proposed and accepted by the members of your company.
The Legal Risk Score of a First Meeting of Members Resolution Template
Issue of Shares
It is recommended to clearly specify whether an auditor will be appointed and include the complete details of the appointed auditor if applicable.
Providing the Registered Office
It is highly encouraged to include the complete registered office address to ensure compliance with Corporations Act requirements. A first meeting of members' resolution should ensure that the registered office location is stated in the document.
Shareholder Information and Ownership Structure
The shareholder details are referenced but not provided in the document. You should consider including a detailed shareholder table with share allocation to ensure proper documentation of the ownership structure. This will provide clarity on the distribution of shares and help avoid any confusion or disputes regarding ownership rights.
Using Lawpath’s First Meeting of Members Resolution template grants you the comfort of ensuring full compliance and the minimisation of legal risk.
First Meeting of Members Resolution Checklist
Complete your free First Meeting of Members Resolution with our checklist
Keep the document readily available
The company should keep the document with its records.
Follow other company registration steps
The ASIC website provides the steps that must be followed to register a company.
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