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A Board Resolution For Membership is a crucial corporate governance document used in Nigerian business operations when companies need to formally document decisions regarding changes in membership or shareholding structure. This document type is required under the Companies and Allied Matters Act (CAMA) 2020 and must be filed with the Corporate Affairs Commission (CAC) when executing certain membership changes. The resolution is typically created during or after a board meeting where membership matters are discussed and decided upon. It serves multiple purposes, including providing evidence of proper corporate authorization, maintaining corporate records, and satisfying regulatory requirements. The document is essential for various membership actions such as admitting new shareholders, approving share transfers, accepting member resignations, or implementing changes in shareholding structure. It must contain specific details about the meeting, attendees, the resolution itself, and any relevant conditions or requirements as mandated by Nigerian corporate law.

1. Header Information: Company name, registration number, and date of resolution

2. Meeting Details: Date, time, location, and type of meeting (physical/virtual)

3. Attendance Record: List of directors present and absent, confirmation of quorum

4. Notice and Quorum: Confirmation that proper notice was given and quorum requirements were met

5. Background: Context and reasons for the membership resolution

6. Resolution Statement: The formal resolution text regarding the membership action

7. Voting Results: Record of how the board voted on the resolution

8. Authorization: Statement authorizing specific officers to execute necessary documents

9. Certification: Secretary/Chairman's certification of the resolution's accuracy

10. Signatures: Signature block for relevant officers