board resolution
This query is : Resolved
11 March 2011
please provide me a board resolution for renewal of working capital lonas urgently
11 March 2011
"RESOLVED that the company do request the State Bank of India, Parliament Street, New Delhi, for allowing the company to renew the overdraft/cash credit facility to the extent of Rs. 90,00,000 (Rupees ninety lakh only) for meeting the working capital needs of the company".
"RESOLVED FURTHER that the Managing Director of the company be and is hereby authorised to secure the said facilities against the hypothecation of finished goods, raw-materials, etc., of the company and to execute all documents and papers as required by the said Bank and to do all such acts, deeds and things as may be necessary to secure the above facilities including digitally signing and to e-file form no.8 with the MCA portal to create charge against the companies aforesaid assets.
"FURTHER RESOLVED that the General Manager (Finance) be and is hereby authorised to operate the said account and to deal with all matters connected therewith".
"RESOLVED FURTHER that the Managing Director of the company be and is hereby authorised to secure the said facilities against the hypothecation of finished goods, raw-materials, etc., of the company and to execute all documents and papers as required by the said Bank and to do all such acts, deeds and things as may be necessary to secure the above facilities including digitally signing and to e-file form no.8 with the MCA portal to create charge against the companies aforesaid assets.
"FURTHER RESOLVED that the General Manager (Finance) be and is hereby authorised to operate the said account and to deal with all matters connected therewith".
Message likes :
8 times
12 March 2011
Thanks Sir
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
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Difference in tax comparison report
- ITR 1: Details for showing Exempt Income
- 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
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
