Question 1

What is a Shareholders Resolution for Director Removal?

Accepted Answer

A Shareholders Resolution for Director Removal is a formal document recording the shareholders' acceptance of a director's resignation or decision to remove a director from the board. This resolution is required for CIPC records and company secretarial files.

Question 2

Is this template compliant with South African law?

Accepted Answer

Yes, this template complies with the Companies Act requirements for director changes and includes the necessary elements for CIPC notification of the director's departure from the company.

Question 3

Can I customize this template?

Accepted Answer

Yes, the template can be edited to include the departing director's details, effective date of removal, reason for departure (resignation or removal), and the shareholders' voting record.

Question 4

What key elements are included in the template?

Accepted Answer

The template includes: recitals noting the director's resignation or grounds for removal; resolution text accepting or effecting the removal; effective date; signature blocks for shareholders; and guidance on CIPC filing.

Question 5

Who should use this template?

Accepted Answer

This template is needed whenever a director leaves a company, whether by voluntary resignation or shareholder vote for removal. It's an essential part of maintaining proper company records and CIPC compliance.

Question 6

What format is the template delivered in?

Accepted Answer

The template is delivered in Microsoft Word format (.docx), allowing you to complete the relevant details before obtaining shareholder signatures.

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Template Shareholder Resolution for the Removal of aDirector