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A Shareholder Resolution is a formal proposal that company shareholders put forward during annual or special general meetings under Pakistan's Companies Act 2017. It lets shareholders directly influence major company decisions, from appointing directors to changing business policies.

To pass a resolution in Pakistani companies, shareholders must follow specific voting rules. Ordinary resolutions need a simple majority (over 50%), while special resolutions require at least 75% approval. Companies must file passed resolutions with the Securities and Exchange Commission of Pakistan within 15 days of approval.

Use a Shareholder Resolution when your company needs to make significant changes that require formal approval under Pakistani law. Common situations include changing the company name, altering share capital, removing directors, or modifying the company's articles of association.

These resolutions become essential during major corporate events like mergers, acquisitions, or restructuring. For listed companies in Pakistan, shareholders often use resolutions to approve dividend payments, appoint auditors, or authorize share buybacks. The Securities and Exchange Commission of Pakistan requires proper documentation of these decisions through formal resolutions.

• Annual General Meeting Resolution: Used for yearly mandatory decisions like approving financial statements and dividends
• Board Resolution For Loan From Shareholder: Authorizes borrowing funds from shareholders, setting terms and conditions
• Board Resolution For Nominee Shareholder: Approves nomination of proxy shareholders for corporate governance
• General Meeting Resolution: Covers special or extraordinary meetings for urgent company matters
• Ordinary Resolution Of Shareholders: Handles routine matters requiring simple majority approval

• Shareholders: Propose and vote on resolutions during meetings, particularly those holding at least 10% of voting shares under Pakistani law
• Company Secretary: Drafts resolution text, maintains records, and ensures compliance with SECP requirements
• Board of Directors: Reviews proposals, provides recommendations, and implements approved resolutions
• Legal Counsel: Verifies resolution language meets Companies Act requirements and corporate governance standards
• SECP Officials: Receive filed resolutions and monitor compliance with regulatory requirements

• Company Details: Gather company registration number, registered office address, and latest articles of association
• Meeting Information: Confirm meeting type (AGM/EGM), date, time, and venue details
• Shareholder Data: Compile updated shareholder registry and voting rights percentages
• Resolution Type: Determine if ordinary (50%) or special (75%) majority needed under Pakistani law
• Required Documents: Collect supporting materials like financial statements or valuation reports
• Notice Period: Calculate mandatory notice periods as per Companies Act 2017
• Draft Review: Use our platform to generate a legally-compliant resolution draft, customized for Pakistani requirements

• Title and Date: Full company name, resolution type, and meeting date as per SECP format
• Preamble: Reference to Companies Act 2017 and relevant articles of association
• Meeting Details: Quorum confirmation and voting method specification
• Resolution Text: Clear statement of the decision using "RESOLVED THAT" format
• Voting Results: Record of votes cast for and against
• Authentication: Chairman's signature, company seal, and witness details
• Filing Details: SECP submission information and statutory deadlines
• Compliance Note: Statement confirming adherence to regulatory requirements

A Shareholder Resolution differs significantly from a Board Resolution in Pakistani corporate law. While both are formal corporate decisions, they serve distinct purposes and involve different stakeholders.

• Authority Level: Shareholder Resolutions require approval from company owners at general meetings, while Board Resolutions are decisions made by directors at board meetings
• Scope of Decisions: Shareholder Resolutions handle fundamental matters like changing company constitution or capital structure; Board Resolutions manage day-to-day operations
• Voting Requirements: Shareholder Resolutions need specific majority thresholds (50% or 75%) based on resolution type; Board Resolutions typically need simple board majority
• Filing Requirements: Shareholder Resolutions must be filed with SECP within 15 days; many Board Resolutions only need internal record-keeping
• Legal Impact: Shareholder Resolutions can override Board Resolutions and bind the company at the highest level