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.
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
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