Board Minutes – Consider Director’s Loan and Call General Meeting

IN LIGHT OF THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023, THIS TEMPLATE IS CURRENTLY UNDER REVIEW. 

These Board Minutes – Consider Director’s Loan and Call General Meeting record the minutes of a meeting of the board of directors where the directors agree to a loan to a director.

Use these minutes to approve a director’s loan and, where required, call a general meeting

Where the value of the proposed loan is more than £10,000, shareholder approval must be obtained. In that case, the directors will need to resolve to call a general meeting of shareholders.

How the board meeting is recorded where a general meeting is needed

The board meeting is adjourned while the general meeting takes place, and then reconvened to report the passing (or otherwise) of the resolution(s) proposed at the general meeting.

Board Minutes – Consider Director’s Loan and Call General Meeting is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.