Board Resolution for Change of Company Structure

Name: Board Resolution for Change of Company Structure
Brand: SheriaPlex
SKU: DOC-1026
Price: 150 KES
Availability: InStock

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Document Overview

A Board Resolution for Change of Company Structure is a formal decision made by the Board of Directors to alter the legal form or structure of a business entity. This may include changing from a:
1. Sole proprietorship to a Private Limited Company
2. Business name to a Limited Liability Partnership (LLP)
3. Private company to a Public Limited Company (PLC)
4. Active company to a Holding company
e.t.c.

Key Contents of the Resolution:
1. Heading & Company Details
2. Attendance Record
3. Preamble ("Whereas" Clauses)
4. Resolutions Passed
5. Further Resolutions (if any)
6. Signatures

Purpose of the Resolution:
1. Legal Authorization: Provides official board approval to undertake structural transformation.
2. Ensures the process is in line with the law and recorded in the company’s official books.
3. Acts as formal evidence of the board's intent in case of audits or legal scrutiny.
4. Facilitates the transition to a structure that better suits growth.

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Board Resolution for Change of Company Structure

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