Affix Company Resolution For Free

A resolution is a formal way in which a company can note decisions that are made at a meeting of company members. There are two types of resolutions: ordinary and special. Under the Corporations Act 2001, most of the decisions that affect a company need to be made by a resolution.

"RESOLVED THAT the Common Seal of the Company as placed by the Chairman and approved by this meeting and an impression of which has been taken at the margin of the minutes be and is hereby adopted as the Common Seal of the Company."

Though a common seal of a company is not mandatory, it is indispensable. Upon affixing the common seal, a legal obligation is created where the authorised officials and the company is responsible for the acts and duties mentioned in the document upon which it is affixed.

An LLC resolution is a written record of important decisions made by members that describes an action taken by the company and confirms that members were informed about it and agreed to it.

Common seal means the metallic seal of a company which can be affixed only with the approval of the Board of directors of the company. It is the signature of the company to any document on which it is affixed and binds the company for all obligations undertaken in the document.

The common seal should be affixed in the presence of Managing Director or any two directors, and the company secretary or any other person as the Board may authorize for the purpose. The Articles may provide for affixing of common seal in any other manner.

"RESOLVED FURTHER THAT the Common Seal be kept under the safe custody of the Chairman. The seal shall not be affixed to any document/instrument except, in the presence of the two directors, who shall sign every document/instrument to which seal is affixed in their presence.

7 Steps for Writing a Resolution Put the date and resolution number at the top. ... Give the resolution a title that relates to the decision. ... Use formal language. ... Continue writing out each critical statement. ... Wrap up the heart of the resolution in the last statement.

Resolutions authorize committees to take action on matters that the board voted on. Board resolutions are legal documents that also serve as compliance documents when the board has been asked to prove that the board and/or its shareholders made certain decisions in regard to the company or organization.

The title of the resolution must appropriately reflect the intent. Resolutions begin with "Whereas" statements, which provides the basic facts and reasons for the resolution, and conclude with "Resolved" statements which, identifies the specific proposal for the requestor's course of action.