Directors' Resolution to Update Shareholder Details (Circulating Resolution)
This Directors' Resolution to Update Shareholder Details is used to update a shareholder's details.
5.0 (3 reviews)
Last updated January 15, 2025
Under 5 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
If you need to change the share structure of your company and update an existing shareholder's details, this will need to be updated accurately to reflect the new share structure. A Directors Resolution to Update Shareholder Details is used to confirm this updated share structure with ASIC. When a shareholder changes their existing shares in the company, this update must be recorded in a meeting of the Directors of the company.
It is important that this is recorded as you have 28 days within which to notify ASIC of this change from the date it is made. If ASIC is not notified within this period, fines will apply.
The Legal Risk Score of a Directors' Resolution to Update Shareholder Details (Circulating Resolution) Template
Our legal team have marked this document as medium risk considering:
- This is a standard document.
- The resolution relies on the unanimous consent of all officeholders, which could delay or complicate the appointment process if consensus is not readily achieved.
- ASIC must be notified for the change to be effective.
Users familiar with corporate governance will find the document straightforward, but should remain cautious about these gaps and consider additional safeguards or clarifications to mitigate potential risks.
Directors' Resolution to Update Shareholder Details (Circulating Resolution) Checklist
Complete your free Directors' Resolution to Update Shareholder Details (Circulating Resolution) with our checklist
Verify Signatures
Ensure that all officeholders who are entitled to vote have signed the document to confirm their unanimous agreement on the resolution.
Record Keeping
Maintain a copy of the signed resolution in the company’s records for legal and administrative reference.
Change the Register of Members
The register should reflect the change of details.
Notify ASIC
ASIC must be notified of this change within 28 days.
Use this Directors Resolution to Update Shareholder Details if:
- You are a director of a company
- You need to update shareholder details of the company
- You want accurate records of your meetings where this update was made
What does the Directors Resolution to Update Shareholder Details cover?
- Details of the meeting where the update was made
- Details of the updated shareholder details to the company
- Confirmation that ASIC will be notified of this change
Other names for a Directors Resolution to Update Shareholder Details include:
- Resolution to update shareholder details
- Directors Resolution
Other documents you may need:
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