Ƶ

Board Resolution For Purchase Of Shares Of Other Company for Hong Kong

Board Resolution For Purchase Of Shares Of Other Company Template for Hong Kong

A formal corporate document prepared under Hong Kong law that records the board of directors' resolution to approve and authorize the purchase of shares in another company. The document outlines the specific terms of the share purchase, including the number of shares, purchase price, and other material terms, while demonstrating compliance with corporate governance requirements and the Companies Ordinance. It serves as official evidence of the board's considered decision and authorization for the transaction, including delegated authority to specific officers to execute necessary documents and take required actions to complete the share purchase.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Board Resolution For Purchase Of Shares Of Other Company

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Board Resolution For Purchase Of Shares Of Other Company?

A Board Resolution For Purchase Of Shares Of Other Company is a critical corporate governance document required under Hong Kong law when a company intends to acquire shares in another entity. This document is essential for demonstrating proper corporate authorization and compliance with the Hong Kong Companies Ordinance and relevant securities regulations. It should be used whenever a company plans to make a significant share purchase, whether for investment purposes, strategic acquisition, or corporate restructuring. The resolution typically includes details of the transaction, consideration of its business rationale, confirmation of the board's authority, and specific authorizations for executing the purchase. It forms part of the company's corporate records and may be required by various stakeholders, including regulators, banks, and the target company, as evidence of proper corporate approval.

What sections should be included in a Board Resolution For Purchase Of Shares Of Other Company?

1. Meeting Details: Date, time, location of the board meeting, directors present, and confirmation of quorum

2. Background: Context of the proposed share purchase, including business rationale and strategic objectives

3. Transaction Details: Specific details of the proposed share purchase including target company, number of shares, purchase price, and key terms

4. Board Considerations: Summary of the board's review of the transaction, including financial, legal, and strategic considerations

5. Declaration of Interests: Disclosure of any directors' interests in the transaction

6. Resolution: The formal resolution(s) being passed, including specific authorizations

7. Authorization: Specific powers granted to officers/representatives to execute documents and take necessary actions

8. Certification: Signature section confirming the resolution was duly passed, typically signed by the Chairman or Company Secretary

What sections are optional to include in a Board Resolution For Purchase Of Shares Of Other Company?

1. Financial Impact Analysis: Detailed analysis of the transaction's financial impact on the company - include when the transaction is material to the company's finances

2. Regulatory Compliance Statement: Statement regarding compliance with relevant regulations - include when dealing with regulated industries or listed companies

3. Risk Assessment: Evaluation of key risks and mitigation measures - include for complex or high-value transactions

4. Voting Results: Detailed breakdown of how directors voted - include when required by company articles or for controversial decisions

5. Conditions Precedent: List of conditions that must be met before the transaction can proceed - include when the purchase is subject to specific conditions

6. Funding Arrangements: Details of how the purchase will be funded - include when external financing is required

What schedules should be included in a Board Resolution For Purchase Of Shares Of Other Company?

1. Share Purchase Agreement Terms: Summary or copy of the key terms of the share purchase agreement

2. Due Diligence Summary: Key findings from the due diligence investigation of the target company

3. Valuation Report: Summary of independent valuation of the target company's shares

4. Financial Statements: Relevant financial information of both companies

5. Legal Opinion: Summary of legal advice received regarding the transaction

6. Corporate Authority Documents: Copies of relevant corporate authorizations, powers of attorney, etc.

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Ƶ

Document Type

Board Resolution

Cost

Free to use
Relevant legal definitions






























Clauses




















Relevant Industries

Financial Services

Banking

Technology

Manufacturing

Real Estate

Healthcare

Retail

Telecommunications

Energy

Professional Services

Media and Entertainment

Consumer Goods

Construction

Transportation and Logistics

Education

Relevant Teams

Legal

Corporate Secretariat

Finance

Compliance

Corporate Development

Mergers & Acquisitions

Investment

Risk Management

Corporate Governance

Board Secretariat

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Company Secretary

General Counsel

Corporate Secretary

Board Director

Chairman of the Board

Chief Legal Officer

Head of Mergers & Acquisitions

Chief Investment Officer

Corporate Governance Officer

Compliance Officer

Investment Director

Corporate Development Manager

Legal Counsel

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Board Resolution To Sign Agreement

A Hong Kong corporate document recording the board's authorization for signing a specific agreement, including designated signatories and approval details.

find out more

Board Resolution For Signing Authority In Bank

A Hong Kong law-governed board resolution that designates authorized signatories and their powers for operating company bank accounts.

find out more

Board Resolution For Restructuring Of Loan

A Hong Kong law-governed board resolution documenting the approval and authorization of loan restructuring terms and implementation.

find out more

Board Resolution For Removal Of Authorised Signatory In Bank Account

A Hong Kong board resolution documenting the removal of an authorized signatory from company bank accounts, meeting local corporate and banking requirements.

find out more

Board Resolution For General Authorisation

A Hong Kong law-compliant board resolution that delegates specific powers and authorities to designated individuals for conducting company business.

find out more

Board Resolution For Appointment Of Director In Private Company

A board resolution documenting the appointment of a new director to a Hong Kong private company, in compliance with local company law requirements.

find out more

Board Resolution For Applying Loan From Bank

A Hong Kong corporate resolution documenting board approval for obtaining a bank loan, including loan terms and authorized signatories.

find out more

Board Resolution For Adding Authorised Signatory In Bank

A Hong Kong board resolution documenting the appointment of a new authorized signatory for company bank accounts, complying with local corporate and banking regulations.

find out more

Board Performance Review

A Hong Kong-compliant framework for evaluating board performance, effectiveness, and governance in accordance with local regulatory requirements.

find out more

Board Of Directors Code Of Ethics

A Hong Kong-compliant governance document establishing ethical standards and conduct requirements for board members, aligned with local regulations and corporate governance best practices.

find out more

Board Minutes Approval Of Loan Agreement

Hong Kong board minutes documenting directors' approval of a loan agreement, including meeting details, discussions, and formal resolutions.

find out more

Change Of Control Consent Letter

A Hong Kong law-governed formal letter documenting consent to a change in company ownership or control, ensuring compliance with existing contractual and regulatory requirements.

find out more

Board Resolution For Termination Of Lease Agreement

A Hong Kong corporate resolution documenting the board's authorization to terminate a lease agreement and appointing officers to execute the termination.

find out more

Board Resolution For Forfeiture Of Shares

A Hong Kong corporate document recording the board's resolution to forfeit shares due to non-payment of calls or installments, in compliance with local company law.

find out more

Resolution To Add Director

A Hong Kong corporate resolution document that formally appoints a new director to a company's board of directors, in compliance with local company law.

find out more

Board Resolution For Subscription Of Shares

A Hong Kong law-governed board resolution documenting the approval and authorization of new share subscriptions in a company.

find out more

Board Resolution Appointing Representative

A Hong Kong law-governed board resolution documenting the formal appointment of an authorized representative to act on behalf of a company.

find out more

Residential Verification Letter

A Hong Kong law-compliant formal document that verifies an individual's residential status at a specific address for official purposes.

find out more

Board Resolution For Termination Of Agreement

A Hong Kong corporate document recording the board's formal decision and authorization to terminate an existing agreement.

find out more

First Demand Letter For Payment

A formal payment demand letter under Hong Kong law requesting immediate settlement of outstanding debt, serving as an initial step in the debt collection process.

find out more

Board Resolution Of Private Limited Company

A formal document recording decisions made by the board of directors of a Hong Kong private limited company, in compliance with local company law requirements.

find out more

Board Resolution For Issue Of Convertible Notes

A Hong Kong law board resolution authorizing and approving the issuance of convertible notes, including terms and implementation authorities.

find out more

Board Resolution Approving Lease Agreement

A Hong Kong law-governed board resolution that formally approves and authorizes the execution of a lease agreement on behalf of the company.

find out more

Resolution Of Authority

A Hong Kong law-governed corporate resolution that delegates specific authorities to designated individuals within an organization.

find out more

Board Resolution For Share Purchase Agreement

A Hong Kong corporate document recording board approval for a share purchase transaction, including meeting details and transaction authorization.

find out more

Board Resolution For Appointment Of Legal Representative

A Hong Kong law-governed board resolution documenting the formal appointment of a company's legal representative and their authorized powers.

find out more

Board Resolution Change Of Directors

A Hong Kong corporate document recording board decisions regarding director appointments and resignations, as required by the Companies Ordinance.

find out more

Appointing A Director By Ordinary Resolution

A Hong Kong corporate resolution document for appointing a new director through ordinary resolution, compliant with Companies Ordinance requirements.

find out more

Board Resolution To Open Bank Account

A Hong Kong law-governed board resolution authorizing and specifying the arrangements for opening a corporate bank account.

find out more

Board Resolution Authorized Signatory

A Hong Kong law-governed board resolution that officially appoints and defines the powers of company authorized signatories.

find out more

First Board Meeting Resolution

A Hong Kong corporate document recording initial board decisions and resolutions following company incorporation, establishing fundamental operational and governance frameworks.

find out more

Directors Resolution For Dividends

A Hong Kong corporate document recording the board's formal decision to declare and distribute dividends to shareholders, in compliance with local company law.

find out more

Board Resolution For Call On Shares

A Hong Kong corporate resolution authorizing the board to require payment of unpaid portions of partly paid shares from shareholders.

find out more

Board Resolution For Appointment Of Corporate Representative

A Hong Kong board resolution document that formally appoints and authorizes an individual to act as a company's official representative in specified matters.

find out more

Board Resolution For AGM

A Hong Kong board resolution documenting decisions for convening and organizing the company's Annual General Meeting, complying with Hong Kong Companies Ordinance requirements.

find out more

Board Resolution Change Of Registered Office

A Hong Kong law-governed board resolution documenting the formal decision to change a company's registered office address.

find out more

Board Resolution For Sale Of Shares Of Subsidiary Company

A Hong Kong corporate document recording board approval for the sale of shares in a subsidiary company, including transaction terms and authorized signatories.

find out more

Board Resolution For Purchase Of Shares Of Other Company

A Hong Kong law-compliant board resolution documenting the approval and authorization for purchasing shares in another company, including transaction terms and delegated authorities.

find out more

Board Resolution For Joint Venture

A Hong Kong law-compliant corporate document recording board approval for entering into a joint venture arrangement, including key terms and authorizations.

find out more

Board Resolution For Increase In Paid Up Capital

A Hong Kong law-governed board resolution document that formally authorizes and records the increase in a company's paid-up capital, in compliance with the Companies Ordinance.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it