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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