First Resolutions of a Sole Director (Minutes)
These First Resolutions of a Sole Director (Minutes) are applicable when an "off the shelf" company has been purchased and it needs to be tailored to meet the requirements of the purchasers of the company.
Section 248 of the Companies Act 2006 requires every company to take minutes of all proceedings at meetings and retain such minutes for 10 years after the date of the meeting. It does not refer specifically to the situation that applies to sole directors as usually a meeting consists of more than one person. However it is considered good practice for a sole director to record their decisions and particularly when first purchasing a shelf company.
A shelf company is a company that has already been incorporated but has not yet traded. If this route is followed, formalities such as changing the registered office, company name, articles of association and transferring shares from the nominees etc may all be required for the company to start operation. These minutes, tailored to the company only having a sole director, are designed to be used by customers seeking to make these changes.
These First Resolutions of a Sole Director (Minutes) are in open format. The requisite details should be inserted into the highlighted fields or the wording can be adjusted to suit your purposes. Wording in square brackets is optional. If it is required, then the brackets should be deleted and the wording within them retained. If the wording is not required, then it can be deleted.
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