This board resolution approving subdivision of issued shares template has 3 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our board resolution approving subdivision of issued shares template:
BOARD RESOLUTION OF [YOUR COMPANY NAME] APPROVING SUBDIVISION OF ISSUED SHARES The following resolutions signed by (the sole/all the) director(s) of [YOUR COMPANY NAME] (the "Company"), under the provisions of Section [NUMBER] of the [COUNTRY/STATE/PROVINCE] [CORPORATION ACT/LAW/RULE], whereby a resolution in writing signed by all the directors entitled to vote on that resolution at a meeting of the board of directors, is as valid as if it had been passed at a meeting, shall be deemed to have been adopted as of [DATE]. SUBDIVISION OF ISSUED SHARES WHEREAS [NUMBER] Class [SPECIFY] shares of the Company are currently issued and outstanding; WHEREAS it is desirable and in the best interests of the Company to subdivide the [NUMBER] issued and outstanding Class [SPECIFY] shares of the Company, on a [NUMBER] for [NUMBER] basis, into [NUMBER] issued and outstanding Class [SPECIFY] shares; RESOLVED: THAT the following By-law be, and it is hereby, enacted as By-law No. [NUMBER] of the Company: BY-LAW NO. [NUMBER], SUBDIVISION OF SHARES Effective upon the date of issue of the Certificate of Amendment, the Articles of the Company are amended by the subdivision of each of the issued and outstanding Class [SPECIFY] shares on the basis of [NUMBER] Class [SPECIFY] shares for [NUMBER] Class [SPECIFY] share, the whole in accordance with the draft articles of amendment submitted to and reviewed by the Board of Directors of the Company (the "Articles of Amendment"); Each Class [SPECIFY] share of the Company issued and outstanding prior to the filing of the Articles of Amendment is subdivided into [NUMBER] Class [SPECIFY] shares of the Company; The Articles of Amendment are hereby approved; Upon confirmation by the shareholder(s) of the Company of this By-law, any director of the Company shall, for and on behalf of the Company, execute and deliver to the Inspector General of Financial Institutions, such documents as may be considered necessary to give effect to this by-law, including, without limitation, the Articles of Amendment; The Board of Directors of the Company is authorized to annul this By-law at any time prior to its being acted upon. THAT any officer or director of the Company, acting alone, be and he is hereby, authorized and directed for and on behalf of and in the name of the Company to execute and deliver all such deeds, documents, instruments in writing and to perform and do all such acts and things as he in his discretion may consider to be necessary, desirable or useful for the purpose of giving effect to this resolution and by-law. SUBMISSION OF BY-LAW NO. [NUMBER] TO THE SHAREHOLDER(S) FOR APPROVAL RESOLVED: THAT By-law No. [NUMBER] amending the Articles of the Company for the purpose of subdividing the issued and outstanding Class [SPECIFY] shares of the Company on the basis of [NUMBER] Class [SPECIFY] shares for [NUMBER] Class [SPECIFY] share, be submitted to the shareholder(s) of the Company for approval, confirmation and ratification. SHARE CERTIFICATES FOR SHARES
