Agreement for Term Loan
This query is : Resolved
Saurabh Jindal
(Querist)
25 January 2010
Hi!
Experts,
Sir, Sir plz tell me whether we need to pass any resolution at any meeting when any agreement is signed with a Credit agency for the term loan?
Regards,
Saurabh
Experts,
Sir, Sir plz tell me whether we need to pass any resolution at any meeting when any agreement is signed with a Credit agency for the term loan?
Regards,
Saurabh
Ankur Garg
(Expert)
25 January 2010
Hello Saurabh,
Yes for signing of agreement you have to pass a board resolution authorising someone to sigh the agreement on behalf of the company. However at the time of disbursement of a Term Loan no resolution is required.
Regards
Yes for signing of agreement you have to pass a board resolution authorising someone to sigh the agreement on behalf of the company. However at the time of disbursement of a Term Loan no resolution is required.
Regards
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