Board Minutes – Approval Of Purchase Of Shares
CO.CA.MM.12
These Board Minutes – Approval Of Purchase Of Shares approve the acquisition of the share capital of another company and authorise named officers to execute any additional documents required to give effect to the transaction.
The minutes also include optional wording to cover situations where the consideration for the acquisition includes shares in the acquiring company, including allotment of shares and issue of share certificates.
What does Board Minutes – Approval Of Purchase Of Shares do?
It records board approval for a company’s purchase of shares in another company and authorises designated officers to take the steps needed to complete the transaction.
What does Board Minutes – Approval Of Purchase Of Shares cover?
- Approval of the acquisition of share capital in another company.
- Authority for named officers to execute further documents and implement the transaction.
- Optional provisions for acquisitions where consideration includes shares in the acquiring company, including allotting shares and issuing share certificates.
When should you use Board Minutes – Approval Of Purchase Of Shares?
- A company is acquiring shares (or the share capital) in another company and needs board approval and delegated authority to complete the purchase.
- The consideration includes, or may include, shares in the acquiring company and you want the option to record the related allotment and share certificate steps in the same minutes.
Board Minutes – Approval Of Purchase Of Shares is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.