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Board Resolution To Dissolve Corporation
"I need a Board Resolution To Dissolve Corporation for my Singapore-based tech startup, which has completed its business purpose and needs to be dissolved by March 2025, with specific provisions for distributing intellectual property assets among three shareholders."
1. Title and Date: Formal identification of the resolution and date of meeting, including company name and registration number
2. Attendance: List of directors present, confirmation of quorum, and details of meeting chairperson
3. Preamble: Company details, meeting context, and reference to relevant Companies Act provisions
4. Background: Brief explanation of the reasons for dissolution and confirmation of board discussions
5. Resolutions: Core dissolution decisions including: dissolution approval, appointment of liquidator, authorization for filing with ACRA
6. Certification: Authentication by company secretary or director, with date and signatures
1. Declaration of Solvency: Required only for solvent voluntary winding up, including statutory declaration by directors
2. Asset Distribution Plan: Details of how company assets will be distributed among shareholders after creditor settlement
3. Creditor Settlement Plan: Comprehensive plan for settling outstanding debts and liabilities
4. Employee Related Matters: Provisions for handling employee termination, outstanding salaries, and benefits
1. Schedule A - List of Assets: Comprehensive inventory of company assets and their estimated values
2. Schedule B - List of Creditors: Complete list of company creditors and amounts owed
3. Schedule C - Regulatory Notices: Copies of required notices to ACRA and other regulatory bodies
4. Appendix 1 - Solvency Statement: Formal declaration of company's solvency status signed by directors
Authors
Board of Directors
Resolution Date
Effective Date
Liquidator
Articles of Association
Companies Act
ACRA
Declaration of Solvency
Winding Up
Corporate Assets
Creditors
Outstanding Liabilities
Distribution Plan
Secretary
Shareholders
Register
Certificate of Dissolution
Notice Period
Business Day
Governing Law
Constituent Documents
Authorized Representative
Dissolution Process
Quorum
Board Meeting Details
Authority and Quorum
Dissolution Decision
Declaration of Solvency
Appointment of Liquidator
Asset Distribution
Creditor Settlement
Employee Matters
Tax Clearance
Regulatory Compliance
Notice Requirements
Filing Requirements
Record Keeping
Bank Accounts
Outstanding Contracts
Corporate Seal
Authorizations
Certification
Execution
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