Directors Resolution to Declare Safe Income Dividend | Canada

Pass a motion for a cash call on the shareholders of a Canadian corporation with this template Directors Resolution to Authorize Shareholder Cash Call.

• A cash call would be necessary to finance the corporation's operations if its current financial status makes it difficult or impossible to obtain conventional financing from a bank.
• The Board of Directors resolves to go to the shareholders to request an influx of operating capital.
• This is a downloadable and fully editable Microsoft Word form.
• The Resolution template can be used in any Canadian jurisdiction with a Business Corporations Act.

This Equalization Agreement sets up a process by which a shareholder in a BC company who owns less than 50% of the company can contribute more capital so that both owners have the same amount of equity.

• The contributing shareholder will make installment payments to the other shareholder to buy up the number of shares required to bring his/her shareholdings up to 50% of the corporation's issued shares.
• The shares will be held in trust until all payments are made.
• Once all of the required capital has been paid in, the additional shares will be released to the contributing shareholder.

The British Columbia Share Capital Equalization Agreement is a downloadable digital template which can be personalized for your specific corporate requirements.

Pass a Directors Resolution authorizing the payment of employee bonuses with this easy template for Canadian corporations.

• The Board of Directors authorizes bonuses be paid to certain employees, in specified amounts.
• The Board also sets the remuneration to be paid to the directors.
• This Directors Resolution template can be used by federal companies and by companies incorporated in any province or territory of Canada that has a Business Corporations Act. A French translation is required for use in Quebec.
• This downloadable template form can be reused as often as you like.

Pass a special resolution to reorganize the share capital of a Canadian corporation with this easy-to-use template.

• The special resolution is passed by the directors. It authorizes the corporation to amend its Articles of Incorporation and to convert the shares as part of a corporate reorganization.
• The form can be used by federal corporations and by any provincial corporation incorporated under a Business Corporations Act (Alberta, BC, Saskatchewan, Ontario, New Brunswick, Yukon, NWT and Nunavut). A different form may be required in Quebec.
• Available as a downloadable MS Word document.

Organize a newly incorporated Canadian corporation with these initial Directors Resolutions to Organize Corporation.

• These resolutions can be signed by all of the directors in lieu of holding a formal organizational meeting.
• The resolutions deal with the following matters:
  • appointing the corporate officers,
  • adopting the corporation's by-laws,
  • adopting a form of share certificate and issuing shares to the initial shareholders,
  • designating one or more officers as corporate signing authorities,
  • appointing a bank,
  • setting the fiscal year end of the corporation,
  • indemnifying each person who acts as a director or officer.
• These Canada Directors Resolutions to Organize Corporation are provided as a downloadable MS Word file which is fully editable.
• The documents can be used by corporations formed under any Business Corporations Act, whether federally or provincially. Different forms may be required for Quebec.