Board Resolution For Increase In Authorised Share Capital Template for Malaysia

A Board Resolution For Increase In Authorised Share Capital is a crucial corporate document required when a Malaysian company needs to expand its capital base. This document becomes necessary when a company approaches its current authorized capital limit and requires additional headroom for issuing new shares, whether for expansion, fundraising, or other corporate purposes. The resolution must comply with the Companies Act 2016 and include specific details about the proposed increase, current capital structure, and implementation authorizations. It serves as evidence of proper corporate governance and board approval for regulatory submissions to the Companies Commission of Malaysia (SSM). The document is typically prepared following a board meeting where the decision to increase the authorized share capital is made and must be maintained as part of the company's statutory records.

1. Title and Date: Clearly states this is a Board Resolution with the date of the meeting

2. Company Details: Full legal name of the company and registration number

3. Meeting Details: Time, place, and attendance details of the board meeting

4. Quorum Confirmation: Confirmation that the required quorum was present for the meeting

5. Current Share Capital Status: Statement of the current authorized share capital

6. Resolution: The formal resolution to increase the authorized share capital, including the specific amount of increase

7. Implementation Authorization: Authorization for company officers to execute necessary documents and file required forms

8. Closure: Formal closing of the resolution with chairman's signature