Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

✉️ Board resolution

Why use a ✉️ Board resolution?

A board resolution is a formal document that records the decisions made by a board of directors or shareholders. The resolution is used to provide evidence of the board's authority to take certain actions. The resolution may also be used to delegate authority to officers or employees of the company.

This particular legal template focuses on a resolution to amend the articles of association of a company operating under UK law. The purpose of this amendment is to eliminate director discretion when it comes to dealing with share security. Share security refers to the practice of using shares as collateral for a loan or other financial transaction.

By removing director discretion, this template aims to establish a more standardized and objective approach to the handling of share security within the company. It ensures that any decision related to the shares, such as their transfer, sale, or use in securing loans, will be bound by explicit rules and regulations outlined in the amended articles of association.

The resolution may outline the specific changes and modifications to be made in the articles of association. This could include adding new clauses to restrict director discretion and provide detailed guidelines on how share security should be handled. The intent is to create a more transparent process that minimizes potential misuse of share security arrangements and protects the interests of shareholders and the company as a whole.

Companies opting to adopt this template may choose to customize it according to their specific needs and circumstances. It can be particularly useful for companies seeking to enhance corporate governance, increase transparency, and ensure compliance with relevant legal provisions governing share security in the UK.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Standard Statutory Demand For Overdue Rent

The Standard Statutory Demand for Overdue Rent is a legal template commonly utilized in the United Kingdom to formally demand outstanding rental payments from tenants. This document is designed to comply with relevant UK laws and regulations concerning property rental and aims to swiftly initiate legal proceedings against tenants who have failed to meet their rental obligations.

The template typically includes detailed information about the landlord and tenant, such as names, addresses, and contact details. It also outlines the key terms and conditions of the tenancy agreement, including the payment amount, due date, and any penalty clauses for late or non-payment.

The Standard Statutory Demand for Overdue Rent serves as an official notice to the delinquent tenant, clearly stating the exact amount of outstanding rent and providing a specified deadline for payment. This document is often sent via registered mail or delivered through a process server to substantiate proper notification.

By utilizing this legal template, landlords can demonstrate that they have taken appropriate steps to recover overdue rent before initiating further legal actions such as eviction proceedings. It provides a formal record of the tenant's arrears and creates a paper trail that can be useful in any future legal disputes.

Landlords should exercise caution and seek legal advice when issuing a Statutory Demand for Overdue Rent to ensure compliance with relevant UK legislation. Failure to follow proper procedures may result in the demand being deemed invalid, potentially delaying or jeopardizing subsequent legal actions against the tenant.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
2
RATINGS
0
DISCUSSIONS
0

Statement of completion for sale of property

A Statement of Completion for Sale of Property under UK law is a legal template that outlines the key details and requirements to be fulfilled when finalizing the sale of a property in the United Kingdom. It serves as a comprehensive document that confirms the successful completion of a property transaction and is typically used by solicitors or conveyancers to ensure all necessary steps have been taken to transfer ownership from the seller to the buyer.

The template typically includes essential information such as the names and contact details of both the seller and buyer, the full description of the property being sold, the agreed-upon purchase price, and the date on which the sale was finalized. It also includes details of any additional terms and conditions related to the sale, such as the inclusion of specific fixtures or fittings, and any adjustments made for outstanding debts or liabilities associated with the property.

In addition to the basic information, the template may include clauses related to the transfer of legal title, the satisfaction of any outstanding mortgages or liens, compliance with local regulations and laws, and the settlement of any applicable taxes or fees. Furthermore, it may outline the responsibilities of each party concerning the handing over of keys, possession of the property, and the transfer of utilities.

By using this legal template, both the seller and buyer can ensure that the sale of the property complies with UK law and is completed in a transparent and legally binding manner. The Statement of Completion provides a comprehensive record of the transaction, which can be referred to in case of disputes or any future legal issues that may arise from the sale.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
2
RATINGS
0
DISCUSSIONS
2

Substantive Assessment Prior To Merger Of Services Firms (Inc. Markets & Competition)

This legal template pertains to the process of conducting a substantive assessment prior to the merger of services firms, particularly within the markets and competition sector, under the jurisdiction of UK law. This template provides a comprehensive framework and guidelines for evaluating and analyzing the proposed merger, ensuring compliance with applicable laws and regulations.

The template is designed to assist legal professionals, businesses, and regulatory bodies involved in the merger process, addressing the intricacies of the UK's legal and regulatory environment. It outlines the steps and considerations that should be followed to assess the merger's substantive impact on the markets and competition landscape.

The template covers various crucial aspects such as analyzing the potential effects on competition within relevant markets, assessing market power, evaluating the potential impact on consumers and clients, and determining any potential anticompetitive practices arising from the merger. It may also include guidelines to evaluate the potential benefits and efficiencies that may arise from the merger, such as increased innovation, improved services, or cost savings.

Furthermore, the template may provide guidance on gathering necessary information, conducting market research, analyzing financial data, and engaging with relevant stakeholders, ensuring a robust and evidence-based assessment. It may also summarize precedents, case law, and legislative provisions that are relevant to the assessment process, helping legal professionals navigate complex legal frameworks.

Ultimately, this legal template aims to serve as a practical and comprehensive resource, enabling the efficient and effective assessment of mergers between services firms, especially in relation to markets and competition, while adhering to UK law. By following this template, legal professionals and relevant stakeholders can ensure a thorough evaluation of the merger's impact and compliance with applicable regulations.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
1
RATINGS
0
DISCUSSIONS
1