Board Minutes and Shareholder Resolution Increasing the Authorised Share Capital

Updated for 2014

In order for a company to increase its authorised share capital, it must hold a meeting of the board of directors at which the increase of the share capital is formally approved. Once approved, the proposed share capital increase must be presented to the shareholders for approval by means of an ordinary resolution.

These board minutes and shareholder resolutions enable a company to increase its authorised share capital. These documents come complete with all the necessary instructions and guidance to enable you to make the required increase to the authorised share capital of the company.

Further details are set out below.

See below for a full product description
 

In order for a company to increase its authorised share capital, there are a number of procedural requirements that the company must first comply with. The relevant steps for increasing the share capital are set out below.

1. The company will need to convene a meeting of its board of directors at which the directors resolve to approve the increase in share capital of the company subject to shareholder approval.

2. Once the board has approved the share capital increase, the meeting of the board of directors will be adjourned temporarily to allow the shareholders to consider the resolution put to them by the board in relation to the share capital increase. Assuming that the shareholders are happy with the resolution they will be asked to sign it and thereby approve the share capital increase.

The written resolution must be signed by all shareholders entitled to attend and vote at general meetings of the shareholders.

If all shareholders are not willing to sign the resolution or if the articles of association of the company do not allow for the passing of written resolutions (and the vast majority do), then the Company may still pass the resolution by convening an extraordinary general meeting (“EGM”) of the shareholders. As the resolution required to increase the company’s share capital is an ordinary resolution, the resolution at the EGM will need to be approved by in excess of 50% of the votes cast at the meeting (note this is 50%+ of the votes cast at the meeting not 50%+ of the shareholders or 50% of the total number of votes which could have been cast at the meeting had all shareholders voted).

Documents necessary to convene an EGM of a company can be downloaded from www.enodare.ie.

Once the shareholders have approved the increase of the authorisedshare capital of the company, the board of directors will reconvene its meeting and take note of that fact.

3. The directors will instruct the secretary to make the appropriate filings in the Companies Registration Office.

Details of all required filings are set out in this pack.

The documents in this pack have been drafted by solicitors and are easy to complete. They come complete with easy to understand guidance notes and instructions on completing them.



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Solicitor Prepared Documents
You will be using documents which have been prepared, reviewed and pre-approved by solicitors with years of practical experience.
Compliant with Irish Law
You will be using tried and tested documents specifically tailored to comply with the various legal requirements applicable under Irish law
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Your documents will contain advanced solicitor approved provisions not usually found in standard run of the mill online documents
 
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