Board minutes—payment of cash dividend—private limited company (shares)

Published by a ��Ӱ�� Corporate expert

Precedents

Board minutes—payment of cash dividend—private limited company (shares)

Published by a ��Ӱ�� Corporate expert

Precedents

Company number: [insert company number]

[insert company name] [LIMITED OR LTD]

Minutes of a meeting of the board of Directors (the Meeting) of [insert company name] [Limited OR Ltd] (the Company)

Held at [insert place of meeting]

Held on [insert day, month and year of meeting] at [insert time of meeting][am OR pm]

Present:	[Insert names of any directors present, whether physically or by any remote means (unless such means are specifically excluded by the company’s Articles of association)] [by [insert means of attendance for each director attending remotely]]
[In attendance:]	[[Insert name of anyone in attendance, whether physically or by any remote means, who does not count towards the Quorum for the meeting (eg the company secretary, any legal advisers)]]
[Apologies:]	[[Insert names of any directors who are unable to attend the meeting]]

1. 1
  Chair, notice and quorum
  [Insert name] was appointed Chair of the Meeting. The Chair reported that due notice of the Meeting had been given in accordance with the Company’s articles of association (the Articles) and that a quorum was present. Accordingly, the Chair declared

Jurisdiction(s):

United Kingdom

Key definition:

Shares definition

What does Shares mean?

The CA 2006 merely provides that a share is a share in the company's share capital. A company's share capital comprises the number of shares issued by it to investors either on or after incorporation. Those investors then become the shareholders in the company. A shareholder’s shares are their personal property. By contrast, the assets of a company are owned by the company itself. Owning shares does not entitle a shareholder to any property rights in the company's assets.

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