Board Resolution
WHAT IS BOARD RESOLUTION?
A board resolution is a formal document helps to identify the roles of corporate offices and the result of any votes or decisions the board makes regarding the company. The Board resolution is a way of documenting a decision made by a Corporation's Board of Directors or Shareholders on behalf of the Corporation
WHY THE BOARD RESOLUTION IS REQUIRED?
When any decision has been taken by the Board of director on behalf of the company then to address that specific discussion Board resolution is required.
WHO CAN PASS THE BOARD RESOLUTION?
The Board of directors of the company collectively are hereby authorised to pass the resolution on behalf of the Company.
TYPES OF RESOLUTION.
There are two types of resolution and they are as follows:
1. Ordinary Resolution
2. Special Resolution.
Documents Required for Board Resolution
Process Involved
Step 1
Collect all information
Step 2
Convene Board Meeting.
Step 3
Discussion on resolution to be passed.
Step 4
Voting for resolution.
Step 5
Pass the board resolution.
Step 6
File the requisite form if required.
