Circular Resolutions of Shareholders in Lieu of an Extraordinary General Meeting AC Ventures prepared a Circular Resolution of Shareholders (CROS) template that can be utilized by AC Ventures portfolio companies as a reference for documenting resolutions without convening an Extraordinary General Meeting.

This resolution allows the shareholders of a company, duly established under the laws of the Republic of Indonesia and having its domicile specified, to pass resolutions with unanimous consent on various corporate matters. These resolutions might include the approval of amended articles of association, confirmation of capital structure, and other corporate actions. This document helps streamline corporate governance processes by enabling decisions to be made efficiently and effectively, ensuring compliance with relevant legal requirements while avoiding the logistical complexities of organizing a physical meeting.

This template is designed to provide a clear framework for the execution of shareholder decisions, adhering to the provisions of Indonesian corporate law, specifically Article 91 of the Law No. 40 of 2007 concerning Limited Liability Companies. It includes details about the shareholders, their shareholding, and the resolutions passed, ensuring that all necessary corporate governance procedures are transparently and meticulously followed.

[TEMPLATE] Circular Resolution of Shareholders (CROS) - ACV 2022.docx