Filing of corporate resolutions required; specified resolutions and agreements must be filed with the Registrar or penalties apply. A company must file specified resolutions and agreements with the Registrar in the prescribed manner and period, including those altering articles; non filing incurs statutory penalties on the company and officers in default, with additional daily penalties for continuing failure; the requirement covers special resolutions, unanimously agreed resolutions requiring special majorities, board resolutions about managing director appointments and terms, class binding resolutions, voluntary winding up resolutions under insolvency provisions, delegated board power resolutions, and other prescribed matters, while routine lending resolutions by certain financial institutions in the ordinary course are excepted.
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Filing of corporate resolutions required; specified resolutions and agreements must be filed with the Registrar or penalties apply.
A company must file specified resolutions and agreements with the Registrar in the prescribed manner and period, including those altering articles; non filing incurs statutory penalties on the company and officers in default, with additional daily penalties for continuing failure; the requirement covers special resolutions, unanimously agreed resolutions requiring special majorities, board resolutions about managing director appointments and terms, class binding resolutions, voluntary winding up resolutions under insolvency provisions, delegated board power resolutions, and other prescribed matters, while routine lending resolutions by certain financial institutions in the ordinary course are excepted.
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