Document background
The Shareholder Written Resolution is a fundamental corporate governance tool under Indian law, primarily used when companies need to obtain shareholder approval without conducting a physical meeting. This document type is explicitly recognized under the Companies Act, 2013, and is particularly valuable for private companies seeking efficient decision-making processes. It can be used for both ordinary and special resolutions, covering matters such as capital structure changes, appointment of directors, alteration of constitutional documents, or major corporate actions. The resolution must be circulated to all eligible shareholders and requires proper documentation of consent or dissent. While public companies generally must hold physical meetings, private companies often prefer written resolutions for their efficiency and cost-effectiveness.
