Board resolution us 293

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

ramarao.k.s

ramarao.k.s (Querist)

13 November 2008 Can any one send the blank format of Board resolution us 293.

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)

13 November 2008 Speciman BR:
1)
To consider and, if thought fit, to pass with or without modification(s) the following resolution as an Ordinary Resolution:-
“RESOLVED THAT the consent of the Company be and is hereby accorded to the Board of Directors of the Company under
the provisions of Section 293(1) (d) of the Companies Act, 1956 for increasing the total borrowing limit of the Company from
Rs. 45,000 Crore (Rupees Forty Five Thousand Crore only) to Rs. 60,000 Crore (Rupees Sixty Thousand Crore only) for the purpose
of the business of the Company notwithstanding that the moneys to be borrowed, together with the moneys already borrowed
by the Company (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business), will
exceed the aggregate of the paid-up capital of the Company and its free reserves.”

2)
To consider and, if thought fit, to pass with or without modification(s) the following resolution as an Ordinary Resolution:-
“RESOLVED THAT the consent of the Company be and is hereby accorded under the provisions of Section 293 (1) (a) of
the Companies Act, 1956 to the Board of Directors of the Company to mortgage and / or create charge on all or any of the
immovable and / or movable properties of the Company, both present and future, or the whole or substantially the whole of
the undertaking or undertakings of the Company for securing loans upto a total amount of Rs. 60,000 Crore (Rupees Sixty
Thousand Crore only) for the purpose of the business of the Company.”

ramarao.k.s

ramarao.k.s (Querist)

13 November 2008 Thanks - i'll try to modify..
if it is possible pl send me BR for the following.
(*)First time we are going to do bills discounting with a government co for the supply made to another government.
(*)value is around rs.3.00 crores.
(*) all the Directors are in HYD & B/discounting in Chennai the supply made in chennai.
(*) COO , who is in Chennai are authorise to sign the document.

Thanks in advance

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now