Board minutes—court procedure—reduction of capital—confirmation of reduction
Board minutes—court procedure—reduction of capital—confirmation of reduction

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Board minutes—court procedure—reduction of capital—confirmation of reduction
  • 1 Chair, notice and quorum
  • 2 Court approval
  • 3 Business of the Meeting
  • 4 Declaration of interests
  • 5 Reduction becoming effective
  • 6 Resolutions
  • 7 Close

Company number: [insert number]

[insert company name] [plc OR Limited]

Minutes of a meeting of the board of directors (the Meeting) of [insert full name of company] (the Company)

Held at [insert location of meeting, eg the offices of the Company]

On [insert day, month and year of the meeting] at [insert time of meeting] [am OR pm]

Present:[insert name of director to be Chair] (Chair)
[insert names of directors who are physically present]
[[insert names of any directors present by telephone as permitted by the Company's articles of association] (by telephone)]
[[insert names of any directors present by other means permitted by the Company's articles of association] (by [insert other means]]
[In attendance:][[insert names of those in attendance, who do not count towards the quorum (eg the company secretary, any legal advisers) (if any)]]
[Apologies:][[insert names of directors who are unable to attend meeting (if any)]]
    1. 1

      Chair, notice and quorum

      [insert name] was appointed Chair of the Meeting. It was noted that notice of the Meeting had been given in accordance with the Company's articles of association (the Articles) and that a quorum was present. Accordingly, the Chair declared the Meeting open.

    1. 2

      Court approval

      1. 2.1

        The Chair noted that the final court hearing was held on [insert date] at which the court confirmed the reduction of the Company's capital from £[insert number] divided

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