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Board Resolution To Dissolve Corporation
"I need a Board Resolution To Dissolve Corporation for my Singapore-based tech startup, which has completed its business purpose and needs to be dissolved by March 2025, with specific provisions for distributing intellectual property assets among three shareholders."
1. Title and Date: Formal identification of the resolution and date of meeting, including company name and registration number
2. Attendance: List of directors present, confirmation of quorum, and details of meeting chairperson
3. Preamble: Company details, meeting context, and reference to relevant Companies Act provisions
4. Background: Brief explanation of the reasons for dissolution and confirmation of board discussions
5. Resolutions: Core dissolution decisions including: dissolution approval, appointment of liquidator, authorization for filing with ACRA
6. Certification: Authentication by company secretary or director, with date and signatures
1. Declaration of Solvency: Required only for solvent voluntary winding up, including statutory declaration by directors
2. Asset Distribution Plan: Details of how company assets will be distributed among shareholders after creditor settlement
3. Creditor Settlement Plan: Comprehensive plan for settling outstanding debts and liabilities
4. Employee Related Matters: Provisions for handling employee termination, outstanding salaries, and benefits
1. Schedule A - List of Assets: Comprehensive inventory of company assets and their estimated values
2. Schedule B - List of Creditors: Complete list of company creditors and amounts owed
3. Schedule C - Regulatory Notices: Copies of required notices to ACRA and other regulatory bodies
4. Appendix 1 - Solvency Statement: Formal declaration of company's solvency status signed by directors
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