Document Type: DOCX
Number of Pages: 2
A Board Resolution for Capital Restructuring is a formal document passed by the Board of Directors of a company to approve changes to the company’s capital structure. This may involve altering the authorized share capital, issuing new shares, consolidating or splitting shares, converting debt to equity or changing the types of shares issued (e.g., ordinary vs. preference shares).Content of the Resolution:1. Title & Company Details2. Preamble / Background ("Whereas" Clauses)3. Resolutions (Decisions Made)4. SignaturesPurpose:1. Legally authorize the restructuring of capital2. Document the Board’s approval and decision-making3. Ensure compliance with the Companies Act, 2015 (Kenya)4. Provide a formal record for use in carius tasks such as filing with the Registrar of Companies5. Facilitate smoother implementation of strategic goals like: Attracting investorsDownload an editable template here on Sheriaplex
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