Single Director Company Clause Samples
Single Director Company. The Company is a Single Director Company if:
(a) at the time of its registration as an Australian company, only 1 person had consented to be a Director; or
(b) the Company has passed an ordinary resolution that it be a Single Director Company, and the Company has not, since registration or the passing of that resolution (as the case requires), passed a resolution that it cease to be a Single Director Company and, at the relevant time, there is only 1 Director.
Single Director Company. If the Company is a Single Director Company:
(a) a written record of a decision to a particular effect made by the sole Director counts as the passing by the Director of a resolution to that effect and has effect as minutes of that resolution and rules 11.1 to 11.10 do not apply; and
(b) the sole Director is competent to exercise all the powers and discretions for the time being vested in or exercisable by the Board.