Board Minutes (transactional)

£20.00

This document is for recording the minutes of a meeting of the board of directors, where a substantial transaction is being considered. Where a routing board meeting is being convened, Board Minutes (Standard) should be used.

These minutes should be held as a record by the company for 10 years.

Think Guide

Do any of the directors have an interest in the proposed transaction? Do they need to provide a notice of their interest?
Do the company’s articles of association allow directors with an interest in the transaction form part of the meeting quorum and vote?
Do any of the directors have an interest in any existing transactions? Do they need to provide a notice of their interest?
Do minutes from the previous meeting need to be discussed? Did any further issues arise from them?
What is the nature of the transaction being discussed?
Will a general meeting need to be held regarding the transaction? What resolutions will the company’s shareholders need to pass?
Will a committee be needed to oversee the transaction? If not, who will oversee the transaction? What will the committee be authorised to do?
Are any resolutions being passed at the meeting? If so, have they received a shareholder majority?
Does the meeting need to be adjourned in order for agreements to be signed or for resolutions to be agreed by shareholders? When will the meeting be reconvened?
Do any documents need to be filed, either at Companies House or with the Financial Conduct Authority? Who will do the filing – will it be the company secretary or someone else?

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