Special Resolution Definition: … “Special Company Resolution means a resolution passed by a majority of not less than two-thirds of the votes cast by the shareholders who voted in respect of that resolution or signed by all the shareholders entitled to vote on that resolution.”
A Company Resolution Agreement is a formal way in which a company can note decisions that are made at a meeting of company members. There are two types of resolutions: ordinary and special.
A Public Company Constitution differs from a proprietary Limited Company by being able to have more than 50 shareholders.
Pty Ltd Company Constitution. A‘Proprietary’ means ‘private’, and is the most popular for small businesses, to hold investments and to act as a trustee for private trusts. The ‘Pty Ltd’ stands for ‘Proprietary Limited’, and is the most common form of company.
Division 7A Loan Agreement documents regarding borrowing money from a private company which can have serious pitfalls if not done correctly. Directors and shareholders often borrow money from their companies. Care must be taken so that the ATO does not deem these loans to be dividends, and tax them accordingly.
The constitution for a company usually needs to be retained with the company records. These Company Constitutions Templates are fully formatted in Microsoft word, ready to download edit and use.