When do I use this document? for general business transactions or joint ventures where both parties will disclose confidential information for a shorter form NDA with principal legal protections for the parties What are the key features? 17 paragraphs over 3 pages definitions of Confidential Information and Proposed Transaction confidentiality obligations authorised recipients of Confidential Information circumstances permitting compulsory disclosure procedure for returning Confidential Information to its owner duration of agreement What other documents are available? For a longer form of mutual confidentiality agreement with more extensive protections for the benefit of the disclosing party, see NDA: mutual (long) . For forms of confidentiality agreement where only one party will disclose confidential information see NDA: one way (long) NDA: one way (short)

Board minutes: share buyback out of profits

Name: Board minutes: share buyback out of profits - PaperRock Documents
SKU: BOA017.001
Price: 35.00 GBP
Availability: InStock

Minutes of a meeting of the board of directors of a private limited company, recording approval of a share buyback, including consideration of statutory requirements, financing the buyback from distributable profits and authorisation of related documents and filings.

Use this document:

as completion board resolutions of the company repurchasing its own shares out of distributable profits
for a private limited company incorporated in England and Wales
in conjunction with a shareholder resolution for the company to approve the share buyback agreement – see Shareholder resolution: share buyback out of profits

Key features include:

board resolutions to approve the terms of a share buyback agreement with a named shareholder
full consideration of the company’s distributable profits, with reference to annual or interim accounts
acknowledgment of directors’ statutory duties under the Companies Act, including section 172 and distribution rules
approval of the form of the shareholder written resolution under section 694 of the Companies Act
authorisation for directors to execute the buyback agreement and all related documents
provision for filing the required forms at Companies House, including SH03 (return of purchase of own shares) and SH06 (cancellation of shares)

Description

When do I use this document?

for general business transactions or joint ventures
where both parties will disclose confidential information
for a shorter form NDA with principal legal protections for the parties

What are the key features?

17 paragraphs over 3 pages
definitions of Confidential Information and Proposed Transaction
confidentiality obligations
authorised recipients of Confidential Information
circumstances permitting compulsory disclosure
procedure for returning Confidential Information to its owner
duration of agreement

What other documents are available?

For a longer form of mutual confidentiality agreement with more extensive protections for the benefit of the disclosing party, see

NDA: mutual (long).

For forms of confidentiality agreement where only one party will disclose confidential information see

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

£35.00 exc VAT

Updated by a lawyer on 08/12/2025

Updated By a lawyer on 12/08/2025

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