One Person Company governance: single-member resolutions and director entries substitute formal meetings for corporate decision-making records. A One Person Company is exempted from certain multi-member meeting provisions; required annual or general meeting resolutions may be communicated by the sole member and must be entered, signed and dated in the minutes-book, which is deemed the meeting date. Where there is only one director, board business may be transacted by a director's resolution entered, signed and dated in the minutes-book and so deemed to be the board meeting date.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
One Person Company governance: single-member resolutions and director entries substitute formal meetings for corporate decision-making records.
A One Person Company is exempted from certain multi-member meeting provisions; required annual or general meeting resolutions may be communicated by the sole member and must be entered, signed and dated in the minutes-book, which is deemed the meeting date. Where there is only one director, board business may be transacted by a director's resolution entered, signed and dated in the minutes-book and so deemed to be the board meeting date.
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