Template
Board Resolution
What this is: The formal, minuted record of one major company decision, sometimes called a "decision receipt." Examples: issuing shares, opening an account, approving a buy-back, or taking a loan.
Used in: Volume 03, Chapter 12: Legal Agreements · Related: Volume 22: Meetings & Decision-Making
1
BOARD RESOLUTION, ______________________ (Company Name)
Resolution no.: ________ · Date: ____________ · Place / held via: ____________
Present
| Name | Role | Present? |
|---|---|---|
| Director | ||
| Director |
Quorum confirmed: Yes
IT WAS RESOLVED THAT:
- ________________________________________________________________ (e.g., "The Company issue 200 ordinary non-voting shares of ₦25,000 each to Mr B against payment of ₦5,000,000, pursuant to the Investment Agreement dated ____.")
- ________________________________________________________________ (e.g., "The share register and cap table be updated and required filings made within ____ days.")
- ________________________________________________________________
Documents Referenced
Investment Agreement Shareholders' Agreement Loan Agreement Updated Cap Table Other: ____________
Signatures
| Director |
|---|
| Signature |
| Date |
Filed in the company's minute book on: ____________ (see Volume 04: Corporate Records)