Board Resolution Format For Corporate Guarantee in Word Format

Sample Template Example of Beautiful Excellent Professional Corporate Guarantee For Loan to Bank / Financial Institution / Vendor / Customer in Word / Doc / Pdf Free Download

Format of BR to be printed on letterhead.

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF (NAME OF THE COMPANY) HELD AT THE REGISTERED OFFICE OF THE COMPANY AT (ADDRESS) ON (DATE) AT (TIME) The Chairman informed the Board that M/s  (Borrower) ....................................... has requested the Company for a corporate guarantee for availing a loan facility (hereinafter referred to as “The said guarantee”) for a sum of upto Rs. ___________ (Rupees _____________) to meet out the Funding Loan Facility (either extended presently or to be extended later on) in favour of Bajaj Capital Limited. The Board was also informed that, the members of the company have already approved to provide Corporate Guarantee in terms of the provisions of Section 186 and other applicable provision, if any, of the Companies Act, 2013. After discussion it was unanimously; “RESOLVED THAT in terms of provision of Section 186 and other applicable provision, if any, of the Companies Act, 2013 read with Articles of Association of the Company, Consent of the Board be and is hereby accorded to provide Corporate Guarantee for a sum of upto Rs. ______________ (Rupees __________) in favour of Bajaj Capital Limited for enabling the Company/(Borrower) for availing the Loan facility(ies). RESOLVED FURTHUR THAT pursuant to provision of Section 179 and other applicable provision of the Companies Act 2013 read with applicable rules, approval of the Board of Directors of the Company be and is hereby accorded to give Corporate Guarantee to the extent of Rs. ___ (Rupees ____) in favour of Bajaj Capital Limited, for the credit facilities/Sanctioned/to be sanction to M/s. ___(Borrower) in the form of loan facility on the basis of terms and conditions as may be agreed with the Bajaj Capital Limited. FURTHER RESOLVED THAT the Company will provide any Security (including but not limited to pledge/transfer shares and Securities and/or Mortgage of Property etc.) as acceptable to Bajaj Capital Limited. RESOLVED FURTHER THAT we, the Corporate Guarantor have understood that in case of default/recall of the loan by the lender, the liability of the Guarantor will be as of the Principal Borrower and the security provided by us as Guarantor shall be considered as primary security of the lender and lender will be at total liberty to sell/dispose off or otherwise the security provided by us before selling/disposing off the security of the Borrower. RESOLVED FURTHER THAT any one of the Directors of the Company or Mr. _____________,  and Mr. __________ Authorised Signatories of the Company be and are hereby severally authorised to execute the Deed of Guarantee and such other documents, including any modification/alteration/amendments thereto, as may be required, and to do all necessary acts which are required, consequential or deemed expedient for providing the guarantee to Bajaj Capital Ltd. And also authorised to file necessary document and e-form for registration of charge with concern Registrar of the Company. RESOLVED ALSO FURTHER THAT in pursuance of the Article of Association of the Company, the common seal of the Company be affixed on such document(s) as may be necessary in the presence of any one of the Director of the Company. CERTIFIED TRUE COPY For Director Director/Authorised Signatory Attested by: Company Secretary/Additional director

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