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A Board Resolution For Declaration Of Dividend is a crucial corporate governance document required under Maltese law whenever a company's board of directors decides to distribute profits to shareholders. This document is essential for compliance with the Malta Companies Act (Cap. 386) and demonstrates proper corporate decision-making procedures. It should be used when the company has determined it has sufficient distributable profits and meets the necessary solvency requirements. The resolution typically follows a board meeting where financial statements have been reviewed and the dividend decision has been made. It must include specific details about the dividend amount, payment terms, record date, and confirmation of compliance with legal requirements. This document is particularly important as it provides protection for directors in demonstrating they have exercised their fiduciary duties appropriately and serves as official evidence of the dividend declaration for both corporate and tax purposes.

1. Title and Date: Formal title of the resolution and date of the board meeting

2. Company Details: Full legal name of the company, registration number, and registered address

3. Meeting Details: Confirmation of proper notice, quorum, and attendance details

4. Chairperson: Identification of the chairperson of the meeting

5. Financial Statement Review: Confirmation that the board has reviewed the relevant financial statements and profits available for distribution

6. Solvency Statement: Declaration that the company meets the solvency test requirements under Maltese law

7. Dividend Declaration: Formal declaration of the dividend amount, type, and payment details

8. Payment Details: Specification of payment date, method, and eligible shareholders

9. Certification: Signature section for directors and company secretary to certify the resolution