Multiple Resolutions to be passed via Written Resolution Procedure

Shareholders’ Written Resolution (Multiple Resolutions)

CO.CA.MR.17

This Shareholders' Written Resolution provides a template by which multiple resolutions, ordinary, special or a mixture of both, may be passed using the written resolution procedure under the Companies Act 2006.

Chapter 2 of Part 13 of the Companies Act 2006 sets out the written resolution procedure. The majority of resolutions passed by private companies will be via the written resolution procedure. This avoids the need for calling a meeting. However, note that the written resolution procedure may not be used to remove a director or an auditor before his term of office has expired.

A written resolution may be proposed by either the directors or the members. In practice, given that directors will run and manage the company, most written resolutions will be proposed by the directors. However, there may be situations where members will propose a resolution. This will usually be if the members wish to force something through against the directors’ wishes. This template resolution is proposed by the directors, (this subfolder includes alternative examples of members proposed written resolutions).

Written resolutions are passed by the eligible members of the company indicating their agreement on a signed document which indicates the resolutions to which they are agreeing.

For an ordinary resolution:

Over 50% of the eligible members of the company must agree to an ordinary resolution before it can be passed.

For a special resolution:

At least 75% of the eligible members of the company must agree to a special resolution before it can be passed.

The proposed resolutions must be circulated to all eligible shareholders, which may be done electronically and state how the members must signify their agreement to the resolutions. Proposed resolutions will lapse if they are not passed before the end of the period specified in the company’s articles of association or if none is specified, 28 days after the circulation date.

This template relates to the passing of multiple resolutions. This subfolder also includes a form of written resolution for a single resolution.

Optional phrases/clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.

This document is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.

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