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Board Resolution - Selling of Shares

This document is the board resolution of [Current Corporate Shareholder Name] to sell some or all of their shares in [DMCC Company Name] to [New Individual / Corporate Shareholder Name]. The resolution documents the current and proposed new shareholding structure, appoints [Authorised Signatory Name] to sign documents related to the share transfer, and requests that a certified copy be provided to DMCC for approval and records.

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5K views2 pages

Board Resolution - Selling of Shares

This document is the board resolution of [Current Corporate Shareholder Name] to sell some or all of their shares in [DMCC Company Name] to [New Individual / Corporate Shareholder Name]. The resolution documents the current and proposed new shareholding structure, appoints [Authorised Signatory Name] to sign documents related to the share transfer, and requests that a certified copy be provided to DMCC for approval and records.

Uploaded by

chisenga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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‘CORPORATE’ BOARD RESOLUTION FOR SELLING SHARES (Please remove)

[[Corporate Shareholder Name]]


(Referred to as the “Company”)
Board Resolution for Transfer of Shares

Certified that the following resolutions were passed at the meeting of the Board of Directors of the
Company, as a Shareholder of [[DMCC Company Name]] (referred to as the “DMCC Company”) on
[[Resolution Date]], where the requisite quorum was present, and have been duly recorded in the
minutes book.

It was noted that the Company intends to sell some or all of the shares, subject to certain
conditions to [[New Individual / Corporate Shareholder Name]] in DMCC Company, a limited
liability company organised and existing under the laws of the Dubai Multi Commodities Centre
(referred to as "DMCC").

It has been resolved and ratified to accept the below transfer and new shareholding structure of
the DMCC Company with effect from [[Resolution Date]]:

SHAREHOLDER BEFORE AFTER SHARE VALUE


NAME [[Current Individual / Corporate Shareholder Name]]
NUMBER OF [[No. of Shares [[No. of Shares AED
SHARES before transfer]] after transfer]] [[Share Value]]

SHAREHOLDER BEFORE AFTER SHARE VALUE


NAME [[Current Individual / Corporate Shareholder Name]]
NUMBER OF [[No. of Shares [[No. of Shares AED
SHARES before transfer]] after transfer]] [[Share Value]]

It has been resolved and ratified that [[Authorised Signatory Name]] be appointed as authorised
signatory of the Company to sign all documents related to the above-mentioned share transfer,
including but not limited to the amendment of this resolution, Share Transfer Form and / or
amendments to Memorandum and Articles of Association as required.

It was further resolved that a certified copy of the foregoing resolution be furnished to DMCC for
their approval and records.

Signed and approved by:

Board of Directors of [[Current Corporate Shareholder Name]]


Printed Name and Signature

[[Resolution Date]]
IMPORTANT NOTICE:

1. KINDLY DELETE THIS PART OF THE RESOLUTION.

2. THIS TEMPLATE IS REQUIRED IF THE SELLING SHAREHOLDER IS A CORPORATE ENTITY.

3. TO BE PRINTED ON CORPORATE SHAREHOLDER’S COMPANY LETTERHEAD AND


STAMPED.

4. EACH TABLE OF THE SHAREHOLDING STRUCTURE SHOULD APPEAR PER SHAREHOLDER,


TRANSFERRING THEIR SHARES OR NOT.

5. PLEASE EDIT THE REQUIRED FIELDS AS INDICATED IN THE TEMPLATE.

6. PLEASE NOTE THAT THIS TEMPLATE IS FOR REFERENCE ONLY AND YOU MAY EDIT IT AS
PER YOUR REQUIREMENTS.

Version 1.0_12JUN2017

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