Go Over Company Resolution For Free

Does a Corporate Resolution Need to be Notarized? A corporate resolution document does not need to be notarized. Once the document has been signed off and dated by the chairperson, vice-chairperson, corporate treasurer and secretary, it becomes a binding document.

A director can pass a Directors' Resolution when they want to make a key decision for the company. They can do this regardless of whether there is a meeting or not. In other words, they won't need to discuss or seek approval from company members when passing the decision.

A resolution of the board of directors can be revoked by adopting a new resolution of the board of directors on revoking the previous resolution (which is being revoked) at the next meeting of the board of directors.

The general rule is that companies must pass shareholder resolutions at shareholder meetings. These meetings, commonly called general meetings, require shareholders to be physically present to vote. Alternatively, a shareholder can appoint a proxy to vote on their behalf.

To pass a resolution at a meeting: you must call the meeting in ance with the Corporations Act, the company's constitution and the shareholders agreement; and. a minimum number of directors/shareholders must be present (i.e. you must meet quorum as set out in your constitution and shareholders agreement).

A special resolution will be passed as a written resolution if signed by shareholders representing not less than 75% of the total voting rights of eligible shareholders. The written resolution must state that it is a special resolution.