Board Resolution

The Chairman informed the Board that Mr. A and Mr. B, Directors of the company wants to take shares by the unsecured loan given to the company by conversing that amount in purchasing of shares. The Board discussed the matter and passed the following resolution.

"RESLOVED THAT Board think fit to convert unsecured loan amount into amount for purchase of shares to Directors.

FURTHER RESOLVED THAT Mr. A, Director of the company is being authorised to file the Form with respective ROC."

Regards

please provide me board resolution  for increase in unsecured loan

its urgent

Thanx

please tell me how to draft a board resolution for having formulated Know Your Customers policy as prescribed by the RBI