Shareholders' Resolution to a Major Transaction

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About this document

As a director of a company, your company cannot enter into a major transaction without a resolution from the shareholders to approve it. 

A major transaction is any of the following three:

  1. acquiring assets which are valued at more than half the value of the company’s current assets; or
  2. getting rid of more than half of the value of the company’s assets; or
  3. half acquiring rights, interests, obligations, or liabilities valued at more than half the value of the company’s current assets.

This flow will have your shareholder resolution prepared in a matter of minutes.

You will need to know

  • the resolution(s) which were voted on
  • the names of the shareholders that voted and
  • the way the resolution was passed.

Interview time

If you have the above information the interview will take you approximately 5 minutes

Type of document

Word document

Length of document

1-2 pages

This interview will generate a document based on the information provided by you. It does not and is not intended to represent legal advice or the practice of law (even if the information you input is based on suggestions or tips provided by us). 

Please note: if you want professional assurance that this template and your interpretation of it is appropriate to your particular situation, we recommend that you consult with a lawyer authorised to practice law in your jurisdiction.