Document background
A Resolution of the Sole Shareholder is a fundamental corporate governance document used in Indian companies where all shares are held by a single shareholder. This document type is essential for documenting crucial business decisions and ensuring compliance with the Companies Act, 2013. It is typically used when making significant corporate decisions such as changing the company's constitution, appointing directors, approving financial statements, declaring dividends, or authorizing major transactions. The resolution must follow specific formatting and content requirements under Indian law and may need to be filed with regulatory authorities depending on the nature of the decision. While traditional companies require general meetings for shareholder decisions, a sole shareholder can pass resolutions independently, making this document type particularly efficient for single-owner businesses while maintaining legal compliance.
