Can anyone provide me a specimen board resolution for new directors of a pvt ltd company introducing money in the company in the form of an unsecured loan and repayment of old directors' loan from this amount?
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Specimen board resolution for availingof a loan from a direc
Replies (4)
RESOLUTION OF BORROWING LOANS FROM THE DIRECTORS OF THE COMPANY
" Resolved that the Company do borrow from time to time from all or any of its directors amounts of money including unsecured loans subject to the terms as may be mutually decided provided that the borrowings including unsecured loans from directors shall not exceed Rs.......in aggregate during a financial year and also that the director advancing the loan shall furnish to the Company the written declaration pursuant to Rule 2[b][ix] of the Companies [ Acceptance of Deposits ] Rules, 1975.
Further Resolved that the directors of the Company be and they are hereby individually and severally authorised to decide the terms of borrowings and to do all acts, things,matters as may be considered necessary, expedient, incidental or conducive in furtherance of the aforesaid and also for and on behalf of the Company."
Regards
Parag Jain
Company Secretary
Thank You Mr. Jain for your assistance.
Is there any sample declaration available as per Rule 2 (b)(ix) of Companies Acceptance of Deposits Rules?
Suvarna Pathare
SIR CAN U PLEASE SEND ME A DRAFT RESOLUTION OF LOAN FROM DIRECTOR PASSED IN ANNUAL GENERAL MEETING. ITS URGENT.
Is it mandatory to give declaration by the director in case of pvt. co???
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