Board of Directors' Resolutions

This practice memo forms a guide as to the legal and practical considerations in connection to board of directors resolutions for Cyprus private companies. It describes, inter alia, the legal requirements for holding board of director’s meetings, the practical process, the notice requirements, the agenda, the necessary quorum, chairman issues, voting process, recording of minutes, relevant filings, timeframe and indicative fees. It goes further to describe resolutions made in writing in lieu of duly convened board of director meetings and it includes a detailed step plan of the process together with a description of all relevant documents.

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