Notice and Quorum Clause

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

A quorum is the number of shareholders or directors who must be present at a meeting to allow proceedings to be validly and effectively conducted.

The quorum required for a board meeting is determined by the Articles of Association. If a company has adopted Table A, then two directors are required for a quorum unless the directors have fixed any other number. Alternate directors may count as part of the quorum if the person who appointed them is not present at the meeting. If a company has adopted the Model Articles without modification then the quorum required for meetings of directors must never be less than two, and unless otherwise fixed it is two. The exception is if the company has a sole director, in which case the requirement for a quorum is dispensed with.

This document contains a clause whereby the Chairman of a board meeting declares that sufficient notice of the meeting has been given and that a quorum is present. A quorum is required both at a board meeting and a general meeting of the shareholders.

This clause is usually the first item in minutes of a board meeting.

This document is in open format. The requisite details should be inserted into the highlighted fields or the wording can be adjusted to suit your purposes.

Once you have purchased access to the Corporate Document Folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.

Notice and Quorum Clause is part of Corporate Documents. Just £35.00 + VAT provides unlimited downloads from Corporate Documents for 1 year.