Special resolution template south africa

A special resolution by the shareholders is required to authorise changing the name of a company. To change a company name, the company must apply for a change to its MOI to the Companies and Intellectual Property Commission (CIPC). Special resolution.

Client Ref: REPUBLIC OF SOUTH AFRICAForm CM 26. To be lodged in duplicate) Registration No.

SPECIAL RESOLUTION TO BE ADOPTED IN TERMS OF SECTION OF THE COMPANIES ACT. Box 1: Systemic event In terms of the FSRB, a systemic event means an event or circumstance where: 1. A board resolution template is pretty simple. You have to make sure that a specific issue or point that needs a decision is presented to the board so they can address it.

Before you can be certain that a special resolution has been properly passed by round robin procedure , you need to add up two separate figures (one for number, one for value) and both of them need to equal at least : 1. In terms of the new Companies Act (the Act), a company’s Memorandum of Incorporation can increase the percentages required to pass ordinary resolutions and increase or decrease the percentages for the passing of a special resolution so long as the difference between the highest percentage for the passing of an ordinary resolution and the lowest percentage for the passing of a special. RESOLUTION OF TRUSTEES _____ The trustees of the _____ Trust hereby resolve to enter into investment products with Rand Merchant Bank, a division of FirstRand Bank Limited (“RMB”).

An ordinary resolution requires a simple majority (that is more than of voting rights exercised on a resolution ) in order for a resolution to be passed on any matter, and a special resolution requires percent of the voting rights exercised on a resolution in order for the resolution to be passed on any matter. The undersigned hereby certifies that he is the duly elected and qualified Secretary and the custodian of the books and records and seal of _____ (organization name), a corporation duly formed pursuant to the state laws of the _____ (name of the state) and that the foregoing is a true record of a resolution duly adopted at a meeting of the Board of Directors and that said meeting was held in. DRIs are defined as: i. However, section 60(1) - (2) of the new Act, read together with the definition in section of special resolution , permits a resolution to be voted on in writing (in essence, by way of a round robin circulated amongst the shareholders) without the necessity of summoning a meeting (see s 57(2)(a)).

Free Board of Directors Resolution Template. Major decisions by the board of directors should always be formally documented in writing and added to the corporate record. We offer a free template for you can use to document your board resolutions. To download hi-res images you need to register and login. Board Of Directors Resolution Template south Africa.

Free Sample Board Resolution Template. Company”) are desirous of winding up the Company, BE IT RESOLVED: 1. That the Company be liquidated and dissolved. What is a special resolution ? These require at least of the shareholders or directors to agree - sometimes as much as.

Actually everyone can use a board resolution template.

In any company meeting, one resolution or the other is generally taken. And the resolution needs to be formally written, signed and either sent to people or kept in the record section. Where no special resolution is require an ordinary resolution may be passed by shareholders with a simple majority – more than – of the votes cast.

Sample template resolution in respect of the prescribed sub rule 29. Download Unlimited Content. South Africa Map Template for PowerPoint. Our annual unlimited plan let you download unlimited content from SlideModel. The concept of voluntary sequestration by an individual is also applicable on companies in that the directors may resolve to liquidate the company.

This proses is applicable where the directors are of the opinion that the company is unable to fulfil the obligations to its creditors and that the liabilities exceeds the assets. For a special resolution to be adopted at a shareholders meeting, it must be supported by the holders of at least of the voting rights exercised on the resolution , as provided in section (9). Model special resolution : convert a charitable company to a community interest company MS Word Document , 35KB This file may not be suitable for users of assistive technology.