Document background
A Resolution of Sole Shareholder is a crucial corporate governance document used when a company has only one shareholder who needs to make formal decisions about company matters. This document is commonly used in Australia for proprietary companies and must comply with the Corporations Act 2001 (Cth) and relevant state legislation. It's typically employed when the sole shareholder needs to approve significant company actions such as issuing shares, appointing directors, approving financial statements, declaring dividends, or making changes to the company constitution. The resolution serves as official evidence of the shareholder's decisions and must be properly executed and maintained in the company's records. This document format streamlines decision-making in single-shareholder companies while ensuring compliance with Australian corporate law requirements.
