Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Board resolution for transmission of shares is required to authorize any person on approval from board of directors to carry on all deeds, acts and things as may be necessary to give effect to procedure for transmission of shares.
Board resolution is essential for the transfer of shares in case of private limited company.
If a company wishes to issue additional shares to a new shareholder, all existing shareholders within the company must pass a special board resolution to that effect.
For the transfer of shares, directors may be prohibited from authorising transfers without the permission of current members. When a director is powerless to authorise the transfer of shares, the members must pass a resolution to either allow for such authorisation or permit the transfer of shares on that occasion.