Document background
A Board Resolution For Sale of Shares is a crucial corporate document required under Irish law when a company's shares are being transferred between parties. This document is essential for maintaining proper corporate governance and ensuring compliance with the Companies Act 2014 and other relevant Irish legislation. It is typically used when shareholders wish to sell their shares, when implementing employee share schemes, or during corporate restructuring. The resolution must include specific details about the share transfer, such as the number and class of shares, the identities of the transferor and transferee, the consideration paid, and any conditions attached to the transfer. It serves as evidence of the board's approval and can be required by various stakeholders, including banks, regulatory authorities, and future potential investors. The document must be properly executed and maintained in the company's records as required by Irish corporate law.
