Document background
A Board Resolution For Closure of Company is a crucial corporate document required under Irish law when a company decides to cease operations and close down. This resolution is typically used when a solvent company voluntarily decides to wind up its operations, though it may also be required in cases of involuntary closure. The document must comply with the Companies Act 2014 and other relevant Irish legislation, demonstrating proper corporate governance and decision-making processes. It serves as official evidence of the board's decision to close the company, outlining key details such as the reasons for closure, approved procedures for winding up affairs, treatment of assets and liabilities, and arrangements for employees. The resolution acts as a foundational document for all subsequent closure activities and is required by various authorities, including the Companies Registration Office and Revenue Commissioners.
