Board resolution u/s 185 and 186 of the companies act, 2013


(Querist)
11 July 2019
pls, provide Board resolution under section 185 and 186 of the Companies Act, 2013


B.Chackrapani Warrier (Expert)
11 July 2019
“ RESOLVED THAT pursuant to the provisions of section 186 read with Companies (Meetings of Board and its Powers) Rules, 2014 and other applicable provisions
of the Companies Act, 2013 read with the rules made there under the consent of
the Board be and is hereby accorded to grant the loan to .............................. up
to a maximum amount of Rs....................... at a rate of interest .....% per annum
and upon such terms and conditions as per the draft loan agreement as placed
before the Board duly initialed by the Chairman


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