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Directors' Resolution (Ontario)
NextGen Docs form ND-1174. Search ND-1174 on docs.ngz.ca to make this document again.
A written resolution signed by all directors: open a bank account, appoint officers, issue shares, approve statements or declare a dividend.
Start this document $2.99 or in the monthly planHow it works
What you will fill in
- Corporation's full legal name
- Names of all the directors
- What is this resolution for?
- Bank name and branch
- Who can sign cheques and bank documents?
- Officers and their titles
- Who gets how many shares, of which class?
- Total price paid for those shares ($)
- Financial statements for which year end?
- Dividend: class of shares and amount
- Dividend payment date
- Describe the decision
Good to know
- A written resolution must be signed by ALL directors to be valid (OBCA s. 129). If one won't sign, hold a meeting instead.
- Before declaring a dividend, the directors must be satisfied the company can still pay its debts as they come due (the solvency test in OBCA s. 38(3)).
- Issuing shares? Update the Securities Register and issue Share Certificates the same day.
Help in your language
Every question comes with help like this. For example, “Corporation's full legal name”:
English: Exactly as on the Certificate of Incorporation, for example: Malik Trading Inc. or 1234567 Ontario Inc.
اردو: کمپنی کا پورا قانونی نام۔
ਪੰਜਾਬੀ: ਕੰਪਨੀ ਦਾ ਪੂਰਾ ਕਾਨੂੰਨੀ ਨਾਮ।
हिन्दी: कंपनी का पूरा क़ानूनी नाम।
Français: Exactement comme sur le certificat de constitution, par exemple : Commerce Malik Inc. ou 1234567 Ontario Inc.
Questions people ask
How much does the Directors' Resolution cost?
It is free to fill in and preview. To download it, buy just this one for $2.99 or use a plan (Monthly $9.99, or Yearly $79); new accounts get 7 days free with no card needed.
Can I fill in the Directors' Resolution in Urdu, Punjabi, Hindi or French?
Yes. The finished document is in English, but every question has plain help in English, Urdu, Punjabi, Hindi and French, and you can speak your answers.
Do I need a lawyer?
Many people use this document on their own. If your situation is complicated, or a lot of money or your home is involved, talk to a lawyer or licensed paralegal. In Ontario, the Law Society Referral Service (findlegalhelp.ca) gives a free 30-minute consultation.
Is my information private?
Only you can see your answers. They are saved on your device, and in your own account if you sign in, so you can finish on another device. NextGen Docs is not a law firm and does not give legal advice.