Request fore disbursement of Term Loan
This query is : Resolved
25 January 2010
Hi!
Experts,
Sir, Sir plz tell me whether we need to pass any resolution at any meeting when we make a request to a Credit agency for the disbursement of term loan?
Regards,
Saurabh
Experts,
Sir, Sir plz tell me whether we need to pass any resolution at any meeting when we make a request to a Credit agency for the disbursement of term loan?
Regards,
Saurabh
25 January 2010
YES
U have to pass a resolution at the board meeting considering the proposal for making a request to a Credit agency for the disbursement of term loan.
Regards
U have to pass a resolution at the board meeting considering the proposal for making a request to a Credit agency for the disbursement of term loan.
Regards
25 January 2010
ya for accepting the term loan quoting the amt, bank and terms also the directors who will sign the loan docs
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