Board Minutes - Resignation & Appointment of General Manager

Document Summary

This board resolution records the acceptance of resignation of the current general manager and the appointment of a new general manager.

It also delegates the power to the new manager to execute the changes to the MOA before the authorities.

Description

The new text of the memorandum of association designating the individual as the general manager of the company must be inserted.

The resolution must fulfil all provisions mentioned in the memorandum of association.

The resolution shall comply with the laws and regulations of the company’s law.

According to article 48 of Federal Decree-Law No. 32 of 2021 on Commercial Companies, a manager, whether he is a partner or not, may resign from his office, provided that he notifies the partners in writing of his resignation at least (60) sixty days from the effective date of such resignation, unless his appointment contract provides otherwise, otherwise, he shall be liable to compensation, and his resignation shall not result in the dissolution of the company unless the memorandum of association provides otherwise.

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.