LK Shields Solicitors

Companies Bill 2012 — written resolutions

The Companies Bill 2012 proposes to make a significant change to the way resolutions in writing are passed by the members of a company.

Members (or shareholders) of a company will be permitted to pass written resolutions that have been signed by only the required majority that is specified in the bill.

This significant change recognises the modern business landscape, where physical meetings are often neither practical nor desirable, and the shareholders may be based in diverse locations…

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