Board resolution for corporate guarantee
This query is : Resolved
03 March 2010
Hi Experts
can you pls provide me the "Board resolution of corporate guarantee"
my company have to give CG to its costomer and as such the limit is not exceeding so only Board resolution is required.
pls its urgent
can you pls provide me the "Board resolution of corporate guarantee"
my company have to give CG to its costomer and as such the limit is not exceeding so only Board resolution is required.
pls its urgent
06 March 2010
below find the speciment of CG to Bank.
"RESOLVED THAT the Company do offer Corporate Guarantee to ________. as security for credit facilities sanctioned to _________And that the documents in respect of guarantee received/to be received under cover of the Banks aforementioned letter be and are hereby approved for execution by the Company in accordance with the Articles of Association of the Company.
Further resolved that the Common Seal of the Company be affixed on the related documents as mentioned earlier in the presence of any one of the directors of the Company.
Further resolved that the Company hereby declare that any acknowledgement or confirmation of debt and/or security which may be required by the Bank be executed at any time for and on behalf of the Company by any one of the directors of the Company."
"RESOLVED THAT the Company do offer Corporate Guarantee to ________. as security for credit facilities sanctioned to _________And that the documents in respect of guarantee received/to be received under cover of the Banks aforementioned letter be and are hereby approved for execution by the Company in accordance with the Articles of Association of the Company.
Further resolved that the Common Seal of the Company be affixed on the related documents as mentioned earlier in the presence of any one of the directors of the Company.
Further resolved that the Company hereby declare that any acknowledgement or confirmation of debt and/or security which may be required by the Bank be executed at any time for and on behalf of the Company by any one of the directors of the Company."
Message likes :
1 times
06 March 2010
Thank you Jagruti
you resolved it
you resolved it
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
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- LTCG for Assmt year 26-27
- Tax liability on income of freelancer
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
