Directors' Resolution to Update Shareholder Details (Circulating Resolution)

This Directors' Resolution to Update Shareholder Details is used to update a shareholder's details.

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Last updated January 15, 2025

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Suitable for Australia

Directors' Resolution to Update Shareholder Details (Circulating Resolution)

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What is a directors' resolution to update shareholder details (circulating resolution)?

It is a formal document used by company directors to record and approve changes to a shareholder’s details, including share structure updates, without holding a physical meeting.
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When should you use a directors' resolution to update shareholder details (circulating resolution)?

Use this document whenever a shareholder’s details or share structure change, and you need to formally record and approve these updates for ASIC compliance.
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What should be in a directors' resolution to update shareholder details (circulating resolution)?

It should include details of the meeting, the updated shareholder information, confirmation of ASIC notification, and signatures from all eligible directors.
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Frequently asked questions

Who can use this document?

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What protections does this resolution provide?

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What are the main limitations of this document?

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What happens if ASIC is not notified within 28 days?

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Do all directors need to sign the resolution?

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How should the company keep records of this resolution?

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What other documents might be needed alongside this resolution?

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View Sample Directors' Resolution to Update Shareholder Details (Circulating Resolution)

Directors' Resolution to Update Shareholder Details (Circulating Resolution)
risk level indicator at Medium level

The Legal Risk Score of a Directors' Resolution to Update Shareholder Details (Circulating Resolution) Template is Medium

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.

Meet Our Users

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