Solvency Signatures & Completing Annual Reviews

Solvency Signatures & Completing Annual Reviews

How many directors need to sign the solvency resolution for Waive to mark the annual review as completed?

For a solvency resolution to be legally passed during an annual review, a majority of the company's directors must agree and sign it.
This means that more than half of the directors must support the resolution.
A simple majority is typically required for ordinary resolutions, which include solvency resolutions. 


Example Scenario:

If there are 2 directors to a company, and you only have the email address of one of the directors, and they paid their ASIC invoice and your agent invoice, then in the 'in progress' reviews section in your dashboard, you will see a blue complete button:



Alert
This 'complete' button gives you the option to mark the annual review as completed without needing any further signatures for the solvency resolution, and it will only appear for you to select when both ASIC and the agent invoice are paid, and when at least 1 director has signed.

If you do not press the complete button, then the reminder emails will still be sent to the director(s) until the AR email reminders sequence has finished.
See this article for more information:
Waive Reminder Emails

Once you do press the complete button, no more reminder emails will be sent to the director(s) and there will be no outstanding items for them to complete in their Director Portal.

I just got the email address of the missing director! How do I invite them to sign the solvency resolution after I have already sent the Annual Review from my dashboard?

Either you or a director can invite the missing director(s) to sign via the director portal.

Simply access the director portal, press the 'actions' button to reveal the below option, and select 'invite others to sign'.

This will open a pop up to enter in the email address that you wish to send the invite to.