Step | Action | Documentation | Signatures? | Timing | Originals? | Notarization/ Certification? |
Waiver of Step? |
Miscellaneous |
---|---|---|---|---|---|---|---|---|
1 |
Convening of BoD Meeting. |
Convening notice. |
No. |
No specific notice period but can vary according to the AoA and the BoD’s Rules of Procedure. |
No. |
No. |
Yes, if all BoD members concur. |
|
2 |
BoD Meeting. |
Minutes of the BoD Meeting. |
Yes, to be signed by all attending BoD members. |
At the date stipulated in the convening notice (unless waived, cf. Step 1). |
No. |
No. |
No. |
The appointment of EB members will come to effect immediately for those aware of it but at the date of registration for an unenlightened third party. |
3 |
Filing with the Icelandic Register of Limited Companies. |
Online form. |
Yes, to be signed by the majority of the BoD members or the holders of Powers of Procuration. |
Within 1 month from the BoD Meeting (the time limit is very strict). |
No. |
No. |
No. |
1
Step 1
|
2
Step 2
|
3
Step 3
|
|||
0-1 month |
Step | Action | Documentation | Signatures? | Timing | Originals? | Notarization/ Certification? |
Waiver of Step? |
Miscellaneous |
---|---|---|---|---|---|---|---|---|
1 |
Convening of the BoD Meeting. |
Convening notice. |
No. |
No specific notice period but can vary according to the AoA and the BoD’s Rules of Procedure. |
No. |
No. |
Yes, if all BoD members concur. |
|
2 |
BoD Meeting. |
Minutes of the BoD Meeting. |
Yes, to be signed by all attending BoD members. |
At the date stipulated in the convening notice (unless waived, cf. Step 1). |
No. |
No. |
No. |
Dismissal/resignation of an EB member will come to effect immediately for those aware of the dismissal/resignation but at the date of registration for an unenlightened third party. |
3 |
Filing with the Icelandic Register of Limited Companies. |
Online form. |
Yes, to be signed by the majority of the BoD members or the holders of Powers of Procuration. |
Within 1 month from the BoD Meeting (the time limit is very strict). |
No. |
No. |
No. |
1
Step 1
|
2
Step 2
|
3
Step 3
|
|||
0-1 month |
LEX Law Offices has provided all input about changing board members in Iceland. LEX is one of Iceland´s [...] leading law firms, providing clients with comprehensive services over a wide range of financial, corporate and commercial issues, as well as most other aspects of Icelandic law. LEX aims to be the Icelandic legal firm of choice for our clients and address their needs in the ever-changing local and international markets. LEX enjoys 1 tier ranking by major ranking agencies such as Chamber and Partners, Legal 500 and IFLR 1000.
For more information about LEX Law Offices and changing board members in Iceland, please use the below contacts:
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