Board Minutes – Removal of Authorised Share Capital

PLEASE BE AWARE THAT THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023 IS BEING IMPLEMENTED IN PHASES AND MAY CHANGE THIS TEMPLATE. 

Holding a board meeting is the first step to take when a company wants to remove the provisions in its articles of association relating to authorised share capital.

What the board decides at this meeting

At the board meeting the directors will resolve to call a general meeting, where the relevant shareholders’ resolutions will be put to the shareholders for a vote.

• ordinary resolution to remove the provision relating to authorised share capital; or
• special resolution to adopt new articles entirely.

The text of the proposed resolutions will be set out in the board minutes.

General meeting or written resolution route

These board minutes record the proceedings of the board meeting where it is decided to convene a general meeting.

Alternatively, they can be used where it is decided to circulate a shareholders’ written resolution.

Board Minutes – Removal of Authorised Share Capital is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.