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Sr. please provide me this format

Kuldeep Singh (0) (3 Points)

21 February 2019

Sr. please provide me board resolution of section 185 ,format

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2 Replies

Sarath Rajendran (Nil) (2791 Points)
Replied 21 February 2019

“RESOLVED THAT pursuant to the provisions of Section 185 of the Companies Act, 2013, as amended by the Companies (Amendment) Act, 2017, approval of members of the Company be and is hereby accorded for making of loan(s) including loan represented by way of Book Debt (the “Loan”) to, and/or giving of guarantee(s), and/or providing of security(ies) in connection with any Loan taken/ to be taken by (Company name), being entities covered under the category of ‘a person in whom any of the director of the company is interested’ as specified in the explanation to Subsection 2 of the said Section, of an aggregate outstanding amount not exceeding H100 Crores (Rupees Hundred Crores only) per annum, respectively for each entity.”