Redact Company Resolution For Free

Generally speaking, the answer is no, you cannot form a limited company in complete privacy. Previously, nominee directors, secretaries, and shareholders could provide anonymity to the people behind a company.

A resolution need not be passed only at a meeting. A private company may resolve anything in writing too. (There is one exception: to remove a director or auditor before the end of their term of office). A meeting is not required and no prior notice is necessary.

Decisions can be taken by directors either in a directors' meeting or by written resolution. If they take a decision in a directors' meeting, this is known as a 'board resolution'.

A board resolution is passed by directors. The board of directors make key decisions for the company, except for those reserved for shareholders. What Is a Quorum? Quorum is the minimum number of directors or shareholders that need to be present when holding valid shareholder or director meetings.

Most board resolutions only require a simple majority of the company directors to pass, known as an ordinary resolution. Decisions that are considered to be more important for the company may need to be passed by a larger majority of the directors (usually at least 75%). These are known as special resolutions.

A Revoking Resolution may only be adopted before the earlier to occur of (i) execution and delivery of a definitive binding agreement providing for a Change in Control that is concurrently or subsequently consummated, and (ii) a duly adopted resolution of the Company's board of directors or any committee thereof ...

A meeting is not required and no prior notice is necessary. A resolution may be proposed as a written one by the directors or by the members. The company must send the proposed resolution to every eligible member either in hard copy form, in electronic form or by means of a website.

Ordinary resolution is a resolution passed by simple majority of votes. As provided in sub-section (1) of section 114, a resolution shall be an ordinary resolution if notice of such resolution is duly given and the votes cast in favour of the resolution exceed the votes cast against the resolution, if any.