Shareholder meeting: consent to short notice
Consent from shareholders for holding a general meeting of a private limited company on short notice, to be signed by shareholders representing the minimum required aggregate percentage of the company’s total shares.
Read more
When do I use this document?
- for shareholders to consent to holding a general meeting of the company on short notice
- for the general meeting of a private limited company
What are the key features?
- form of notice from shareholder(s) to the company
- alternative forms of notice depending on whether it will be signed by a single shareholder or multiple shareholders
What else do I need to know?
The notice period for a general meeting of a private limited company is 14 clear days unless the company’s Articles of Association specify a longer period. However, the meeting can be held on shorter notice than 14 days, provided that the Articles of Association do not mandate a minimum period of notice.
Shareholders holding at least 90% in nominal value of the voting shares may consent to a meeting being held on short notice. This percentage can be increased in the Articles of Association to a maximum of 95%.
Note that notice of the meeting must still be given.
What other documents are available?
Related documents for calling and holding general meetings include:
When do I use this document?
- for a share sale transaction
- where confidential information about the target company will be disclosed to a potential buyer
- for a longer form NDA with strong legal protections for the seller and target company
What are the key features?
- 17 clauses over 9 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 the seller
- prohibition on the buyer poaching the target company’s employees
- contractual remedies for breach of the NDA, including contractual indemnity in favour of the seller and target company
- duration of agreement
What else do I need to know?
It’s quite common that some clauses of an NDA may be resisted by the receiving party. The guidance notes which accompany this document explain how provisions, such as the following, might be negotiated to reach mutual agreement.
-
- non-solicitation covenants
- a contractual indemnity for breach of the confidentiality obligations
- the duration of the agreement
The guidance notes which accompany the document explain how these provisions might be negotiated to reach agreement.
What other docs are available?
For a shorter form of confidentiality agreement for a company sale transaction, see
Related Articles
Sorry, we couldn't find any posts. Please try a different search.
£15.00 exc VAT
Updated by a lawyer on 26/08/2024
- Updated By a lawyer on
- Guidance notes included
- No hidden extras
- Easily customisable
Create your document in 3 Easy Steps
- Download
- Customise
- Share & Sign
PaperRock offers affordable, legal document templates, written by experienced and expert lawyers, trusted by businesses across the UK and beyond. No hidden charges or trial sign-ups are required to complete your document.
“I have worked in legal and business affairs for over 25 years and need access to a wide range of corporate and commercial legal precedents. Paperrock is a refreshing source of high-quality legal templates. Superb value for money.”
Amanda | Bannister Creative
£15.00 exc VAT
- Written by expert lawyers
- Quick to download
- Easy to customise
- No hidden extras
- free re-downloads
“It’s hard to find legal documents on the internet you can really trust. Knowing an expert lawyer has drafted what I need, gives my business the edge and gives me peace of mind.”
Elle, Founder | Winslow skincare & aesthetics.
“As an SME Paperrock saves us the legal fees we’ve previously had to spend. In these challenging times that's a big help. Great products and support.”
Giles, MD | Boniti Ltd.
