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Board Resolution For Call On Shares
"I need a Board Resolution For Call On Shares for my Singapore tech startup to call up the remaining 75% unpaid capital on 10,000 partly paid shares, with payment due by March 15, 2025, including provisions for 5% default interest."
1. Title and Date: Specifies the company name and date of resolution
2. Attendance: Lists directors present at the meeting
3. Quorum: Confirmation that meeting quorum requirements are met
4. Chairperson: Identifies the chairperson of the meeting
5. Background: Context for the call on shares including reference to relevant Companies Act provisions and company constitution
6. Resolutions: Specific resolutions regarding the call on shares, including amount, timing, and payment terms
7. Closure: Formal closing of the resolution with signatures of directors
1. Notice of Meeting: Reference to meeting notice and compliance with notice requirements under company constitution
2. Declaration of Interests: Directors' declarations of any relevant interests in the call on shares
1. Schedule of Calls: Detailed schedule showing call amounts, payment dates, and affected shareholders
2. Form of Call Notice: Template notice to be sent to shareholders regarding the call on shares
3. Share Register Extract: Relevant extract from the company's share register showing affected shares and shareholders
Authors
Quorum Confirmation
Board Authority
Share Call Details
Payment Terms
Notice Requirements
Default Provisions
Interest Charges
Record Keeping
Share Certificate Provisions
Forfeiture Rights
Director Declarations
Execution Requirements
Resolution Effectiveness
Company Secretary Authorization
Compliance Confirmation
Registration Requirements
Communication to Shareholders
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