🖊️ Special notice of resolution
A special notice of resolution is a notice that is used to inform individuals or entities of an impending resolution that will be voted on by a governing body. This notice typically outlines the proposed resolution and the date, time, and location of the meeting where the vote will take place.
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Shareholder's Section 511 Special Notice Letter (Remove Current And Appoint New Auditor)
This template is commonly used by companies in the United Kingdom to comply with legal requirements outlined in Section 511 of the Companies Act 2006. Shareholders holding a specified percentage of the company's voting rights can exercise the power to remove an auditor before their term has expired, as well as nominate and approve a replacement auditor.
The template incorporates the necessary legal language, including specific details about the current auditor and the reasons for their proposed removal. It also provides space to introduce the qualifications and relevant experience of the proposed new auditor. Moreover, the template outlines the applicable procedures and timelines, ensuring compliance with all statutory obligations and formalities.
Utilizing this legal template enables companies to efficiently and effectively communicate with shareholders, allowing them the opportunity to consider and make informed decisions regarding the appointment of auditors. By following the prescribed procedures, the company maintains transparency and complies with legal requirements, promoting good corporate governance practices.
Publisher
Genie AIJurisdiction
England and WalesAssociated business activities
Remove company auditors
To replace company auditors, a shareholder or shareholders representing not less than 5% of the company's total voting rights must sign a notice and give it to the company within 28 days. The company must then give notice of the resolution to all shareholders and the auditors at least 28 days before the meeting at which the resolution is to be considered. If the company does not give the required notice, the shareholders who signed the notice may requisition a meeting themselves.
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