Board Resolution Template For Dividend
Description
How to fill out Corporate Resolution?
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FAQ
Resolutions of the board of directors declaring a cash dividend. These resolutions can be used for either a private or public company. They are drafted as standard clauses to be inserted into board minutes or a unanimous written consent.
Final Dividends: These are recommended by the director(s) but are actually approved by the shareholders in a general meeting, or by written resolution. These are generally paid at the end of the financial year.
(1) The company may by ordinary resolution declare dividends, and the directors may decide to pay interim dividends. (2) A dividend must not be declared unless the directors have made a recommendation as to its amount. Such a dividend must not exceed the amount recommended by the directors.
Note that a resolution is only required for the declaration of a final dividend where a company's articles (usually if the company has private company model articles) requires it. Directors are able to recommend and declare interim dividends.
