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Board Resolution For Call On Shares
"I need a Board Resolution For Call On Shares for my Singapore tech startup to call up the remaining 75% unpaid capital on 10,000 partly paid shares, with payment due by March 15, 2025, including provisions for 5% default interest."
1. Title and Date: Specifies the company name and date of resolution
2. Attendance: Lists directors present at the meeting
3. Quorum: Confirmation that meeting quorum requirements are met
4. Chairperson: Identifies the chairperson of the meeting
5. Background: Context for the call on shares including reference to relevant Companies Act provisions and company constitution
6. Resolutions: Specific resolutions regarding the call on shares, including amount, timing, and payment terms
7. Closure: Formal closing of the resolution with signatures of directors
1. Notice of Meeting: Reference to meeting notice and compliance with notice requirements under company constitution
2. Declaration of Interests: Directors' declarations of any relevant interests in the call on shares
1. Schedule of Calls: Detailed schedule showing call amounts, payment dates, and affected shareholders
2. Form of Call Notice: Template notice to be sent to shareholders regarding the call on shares
3. Share Register Extract: Relevant extract from the company's share register showing affected shares and shareholders
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