A Board Resolution For Sale of Shares is a crucial corporate governance document used in Australian companies when seeking formal board approval for share transfers. It is required under the Corporations Act 2001 and must align with the company's constitution and applicable state regulations. This document is typically prepared when a company is selling or transferring shares, whether to existing shareholders or new investors. The resolution includes essential details such as the number and class of shares being transferred, the parties involved, consideration amount, and specific authorizations for executing the transfer. It serves as official evidence of the board's approval and helps ensure compliance with legal requirements, particularly important for both private and public companies in Australia. The document may also need to address additional requirements if the company is listed on the ASX or if the transaction requires regulatory approvals.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok˰'s market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Meeting Details: Date, time, location of the board meeting, and confirmation of quorum
2. Attendance: List of directors present, apologies, and other attendees
3. Chairperson: Confirmation of meeting chairperson
4. Declaration of Interests: Directors' disclosure of any interests in the proposed share sale
5. Background: Context of the proposed share sale, including company details and reason for sale
6. Share Sale Details: Specific details of the proposed share sale including number of shares, price, and parties
7. Board Considerations: Key factors considered by the board in making their decision
8. Resolutions: Formal resolutions approving the share sale and authorizing specific actions
9. Execution Authority: Authorization of specific officers to execute necessary documents
10. Closure: Formal closing of the meeting and signature of chairperson
1. Regulatory Approvals: Required when the share sale needs specific regulatory approvals (e.g., FIRB, ACCC)
2. Multiple Tranches: When the share sale is to be conducted in multiple stages
3. Share Transfer Conditions: Any specific conditions that must be met before the share transfer can proceed
4. Related Party Provisions: Required when the sale involves related parties under the Corporations Act
5. ASX Compliance: Required for listed companies to address ASX listing rule requirements
6. Dividend Arrangements: Special provisions regarding any pending or pro-rata dividends
1. Schedule 1 - Share Details: Detailed description of shares being sold including class, rights, and certificate numbers
2. Schedule 2 - Seller Details: Complete information about the selling shareholders
3. Schedule 3 - Purchaser Details: Complete information about the purchasing parties
4. Schedule 4 - Transaction Timeline: Key dates and milestones for completing the share sale
5. Appendix A - Share Valuation Report: If applicable, independent valuation of shares being sold
6. Appendix B - Legal Due Diligence Report: Summary of any legal due diligence conducted
7. Appendix C - Required Regulatory Approvals: List and status of required regulatory approvals
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Mining and Resources
Technology
Healthcare
Real Estate
Manufacturing
Retail
Professional Services
Agriculture
Energy
Telecommunications
Transport and Logistics
Construction
Education
Media and Entertainment
Relevant Teams
Legal
Corporate Governance
Board Secretariat
Compliance
Finance
Corporate Affairs
Share Registry
Executive Office
Risk Management
Investment Relations
Relevant Roles
Company Director
Company Secretary
Chief Executive Officer
Chief Financial Officer
Corporate Lawyer
Legal Counsel
Compliance Officer
Board Chairman
Managing Director
Corporate Governance Manager
Share Registry Manager
Investment Relations Manager
Legal Administrator
Corporate Services Manager
Board Administrator
Find the exact document you need
Resignation Of Director Board Minutes
Australian board meeting minutes documenting a director's resignation, including meeting details, resolutions, and statutory compliance requirements.
find out more
Board Resolution For Subdivision Of Shares
An Australian corporate resolution documenting the board's approval to subdivide company shares, compliant with the Corporations Act 2001.
find out more
Board Resolution Director Resignation
An Australian corporate document formally recording and accepting a director's resignation from the company board, in compliance with the Corporations Act 2001.
find out more
Resolution To Remove Board Member
An Australian law-compliant corporate resolution document for the formal removal of a board member, including meeting details, grounds for removal, and voting results.
find out more
First Directors Resolution
An Australian corporate governance document recording initial director decisions and appointments following company incorporation, as required under the Corporations Act 2001.
find out more
Company Secretary Resolution
An Australian corporate governance document recording formal decisions made by the company secretary under their statutory and delegated authority.
find out more
Board Resolution Of Private Limited Company
An Australian corporate document recording formal decisions made by a company's Board of Directors, legally binding under the Corporations Act 2001.
find out more
Board Resolution For Ratification Of Agreement
An Australian corporate document recording a board's formal approval and ratification of an agreement, complying with the Corporations Act 2001.
find out more
Board Resolution For Issue Of Convertible Notes
An Australian corporate governance document recording board approval for convertible note issuance, including terms and authorizations.
find out more
Board Resolution Closure Of Business
An Australian corporate document recording the board's formal decision to cease business operations, including closure procedures and regulatory compliance requirements.
find out more
Board Resolution Approving Lease Agreement
An Australian corporate resolution documenting board approval of a lease agreement and authorizing its execution.
find out more
Resolution By Trustees
An Australian legal document recording formal decisions made by trustees in accordance with trust law and the trust deed.
find out more
Unanimous Board Resolution
An Australian corporate document recording unanimous decisions made by a company's board of directors, compliant with the Corporations Act 2001.
find out more
Retroactive Board Resolution
An Australian corporate governance document used to formally ratify previous corporate actions or decisions, ensuring compliance with the Corporations Act 2001.
find out more
Resolution Of Appointment
An Australian corporate document that formally records and executes the appointment of individuals to organizational positions, in compliance with the Corporations Act 2001.
find out more
Corporate Resolution Form
An Australian corporate governance document that formally records and evidences company decisions made by the board of directors or shareholders, compliant with the Corporations Act 2001.
find out more
Board Resolution For Change In Shareholding Pattern
An Australian corporate governance document recording board approval for changes in company shareholding structure, compliant with the Corporations Act 2001.
find out more
Board Resolution Change Of Directors
An Australian corporate governance document recording board decisions regarding changes to company directorship, compliant with the Corporations Act 2001.
find out more
Board Resolution Change Of Address
An Australian corporate governance document recording the board's formal resolution to change a company's registered office or principal place of business address.
find out more
Board Resolution To Open Bank Account
An Australian corporate governance document recording the board's authorization to open and operate a company bank account, compliant with the Corporations Act 2001.
find out more
Special Board Resolution
An Australian corporate document recording significant board decisions requiring special majority approval (75% or more) under the Corporations Act 2001.
find out more
Omnibus Board Resolution
An Australian corporate document that consolidates multiple board decisions into a single formal resolution, complying with the Corporations Act 2001 and related legislation.
find out more
Non Profit Resolution To Open Bank Account
An Australian-compliant resolution authorizing bank account opening and operating parameters for non-profit organizations.
find out more
Directors Resolution For Dividends
An Australian corporate governance document recording the board's formal resolution to declare and pay dividends in compliance with the Corporations Act 2001.
find out more
Board Resolution For Bank Guarantee
An Australian corporate document authorizing the arrangement and execution of a bank guarantee, as approved by the company's board of directors.
find out more
Board Resolution For Increase In Authorised Share Capital
An Australian corporate resolution documenting the board's approval to increase the company's authorized share capital, compliant with the Corporations Act 2001.
find out more
Board Resolution For Digital Signature
An Australian corporate resolution authorizing and governing the use of digital signatures within an organization, ensuring legal compliance and establishing implementation framework.
find out more
Appointment Of Auditor Board Resolution
An Australian corporate governance document recording the board's formal resolution to appoint an external auditor, complying with Corporations Act 2001 requirements.
find out more
Resolution To Change Bank Signatories
An Australian corporate resolution document that formally authorizes changes to company bank account signatories and signing arrangements.
find out more
Resolution To Appoint A Director
An Australian corporate document formally recording the appointment of a new director to a company's board, in compliance with the Corporations Act 2001.
find out more
Board Resolution For Partnership
An Australian corporate document recording the board's formal approval and authorization of a partnership arrangement, complying with federal and state legislation.
find out more
Board Resolution For Issue Of Shares
An Australian corporate document recording board approval for issuing new company shares, compliant with the Corporations Act 2001.
find out more
Board Resolution Appointing Corporate Secretary
An Australian corporate governance document recording the board's formal resolution to appoint a company secretary, compliant with the Corporations Act 2001.
find out more
Allotment Of Shares Board Resolution
An Australian corporate document recording the board's formal resolution to issue new shares, complying with the Corporations Act 2001 and company constitution requirements.
find out more
Resolution To Open Bank Account For Association
An Australian legal document authorizing the opening of a bank account for an incorporated association, including signatory details and operating rules.
find out more
Resolution Of Sole Director
An Australian corporate document recording formal decisions made by a sole director under the Corporations Act 2001.
find out more
Removal Of Director Resolution
An Australian corporate governance document recording the formal resolution and process for removing a director from a company's board.
find out more
Partnership Resolution For Opening Bank Account
An Australian partnership resolution document authorizing the opening and operation of bank accounts, designating signatories and establishing banking arrangements.
find out more
Corporate Resolution To Sell Property
An Australian corporate governance document that formally authorizes and records a company's decision to sell real property assets, complying with federal and state corporate and property laws.
find out more
Corporate Resolution To Open Bank Account
An Australian corporate document authorizing the opening of a bank account and appointing authorized signatories under Australian corporate and banking laws.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)