The First Directors Resolution is a mandatory corporate document that must be prepared and executed immediately following the incorporation of a company in Australia. This resolution documents the first formal decisions made by the director(s) and establishes the basic operational framework of the company. It typically follows the receipt of the Certificate of Registration from ASIC and precedes the commencement of business operations. The document addresses crucial matters such as appointment of officers, registered office designation, share issuance, and banking arrangements. Under Australian corporate law, specifically the Corporations Act 2001 (Cth), companies are required to maintain records of all directors' resolutions, making this document a vital part of the company's corporate records and essential for demonstrating compliance with statutory requirements.
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1. Company Details: Legal name of the company, ACN, and date of incorporation
2. Meeting Details: Date, time, location of the meeting, and attendance details
3. Chairperson: Appointment of the chairperson for the meeting
4. Confirmation of Incorporation: Acknowledgment of the company's incorporation and review of ASIC documentation
5. Appointment of Officers: Confirmation of directors and company secretary appointments
6. Registered Office: Resolution regarding the company's registered office address
7. Share Capital: Confirmation of initial share structure and share certificates
8. Bank Account: Resolution to open company bank account and appointed signatories
9. Company Constitution: Adoption of the company constitution or replaceable rules
10. Execution: Signature section for the director(s)
1. Appointment of Public Officer: Required if appointing a public officer for tax purposes
2. Business Name Registration: Include if the company needs to register business names
3. Company Seal: Resolution regarding adoption of company seal (if required)
4. Appointment of Auditor: Required for certain company types or if voluntarily appointing an auditor
5. ASIC Agent Appointment: If appointing an agent for ASIC communications
6. Tax Registration: Resolutions regarding TFN, GST, PAYG registration if immediate registration is needed
1. Schedule 1 - Share Certificate Template: Template for share certificates to be issued
2. Schedule 2 - Bank Account Details: Details of the approved bank and account structure
3. Schedule 3 - Officer Details: Full details of appointed officers including required ASIC information
4. Schedule 4 - Consent Forms: Signed consent forms from appointed officers
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Transport and Logistics
Real Estate
Non-Profit Organizations
Relevant Teams
Legal
Compliance
Corporate Governance
Company Secretariat
Risk Management
Corporate Services
Executive Leadership
Board of Directors
Administration
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Company Director
Company Secretary
Corporate Lawyer
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Compliance Officer
Corporate Governance Manager
Managing Director
CEO
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Corporate Services Manager
Risk Manager
Board Secretary
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