Board resolution
This query is : Resolved
10 March 2013
I WANT TO KNOW A MODEL BOARD RESOLUTION OF A PRIVATE LIMITED COMPANY SEEKING A BANK LOAN
10 March 2013
https://www.divorcelawyerindia.com/LEGAL%20DRAFTS/RESOLUTIONS/AUTHORITY-TO-MORTGAGE%20--TO-SECURE-LOAN.html
https://www.ourprofessionalteam.com/index.php?option=com_oscontent&view=category&id=371&layout=default&Itemid=63
Check out from above links.
https://www.ourprofessionalteam.com/index.php?option=com_oscontent&view=category&id=371&layout=default&Itemid=63
Check out from above links.
11 March 2013
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF (NAME OF THE COMPANY) HELD AT THE REGISTERED OFFICE OF THE COMPANY AT (ADDRESS) ON (DATE) AT (TIME)
The board was informed that a request has been received to make loan (s) and/or give guarantee(s)/provide any security(ies) in connection with loan(s) made to and/or acquire by way of subscription, purchase or otherwise the securities by a sum not exceeding to Rs._____________ (Amount in words) in aggregate as mentioned against them in one or more tranches to meet their business requirement. The Board discussed the matter and passed the following resolution: -
“RESOLVED THAT pursuant to the provisions of Section 292 (1)(e) and other applicable provisions, if any, of the Companies Act, 1956 or subject to such modification and re-enactment thereof, consent of the Board of directors of the Company be and is hereby accorded for making of unsecured loan not exceeding to Rs._____________ (Amount in words) to the following person/ individual/ proprietorship concern/ partnership firm, in one or more tranches, and on such other terms and conditions as may be mutually agreed between the both parties :
Name of the person/individual /proprietorship concern Amount in Rs.
"FURTHER RESOLVED THAT (Name of the person(s) authorized) be and are hereby severally authorized to do all such acts ,deeds and things as may be required to give effect to this resolution.”
The board was informed that a request has been received to make loan (s) and/or give guarantee(s)/provide any security(ies) in connection with loan(s) made to and/or acquire by way of subscription, purchase or otherwise the securities by a sum not exceeding to Rs._____________ (Amount in words) in aggregate as mentioned against them in one or more tranches to meet their business requirement. The Board discussed the matter and passed the following resolution: -
“RESOLVED THAT pursuant to the provisions of Section 292 (1)(e) and other applicable provisions, if any, of the Companies Act, 1956 or subject to such modification and re-enactment thereof, consent of the Board of directors of the Company be and is hereby accorded for making of unsecured loan not exceeding to Rs._____________ (Amount in words) to the following person/ individual/ proprietorship concern/ partnership firm, in one or more tranches, and on such other terms and conditions as may be mutually agreed between the both parties :
Name of the person/individual /proprietorship concern Amount in Rs.
"FURTHER RESOLVED THAT (Name of the person(s) authorized) be and are hereby severally authorized to do all such acts ,deeds and things as may be required to give effect to this resolution.”
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
