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Special Resolution

A formal decision passed by a company’s shareholders, requiring at least 75% approval, typically for significant matters like amending articles or changing company structure.

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Special Resolution – Securely Document Key Shareholder Decisions

A Special Resolution is a formal vote requiring at least 75% shareholder approval for significant corporate changes, ensuring major decisions are backed by a supermajority. This can include amending the Articles of Association or altering the company structure.

A Special Resolution in Bind typically includes:

Company and Meeting Details

Identifies the company’s legal name and registration number, along with the date, time, and place of the shareholders’ meeting.

Resolution Text

Specifies the exact wording of the resolution, clarifying the significant action being taken—such as amending the Articles of Association or changing share capital structure.

States that the resolution is passed in accordance with the relevant legislation, for example section 283 of the Companies Act 2006, confirming its legal validity.

Shareholder Approval Threshold

Ensures that at least 75% of the shareholders present (in person or by proxy) have voted in favour, providing evidence of the supermajority required.

Bind simplifies drafting, sharing, and eSigning your Special Resolution, making it quick and easy to record these pivotal company decisions securely.

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