Sample Template Example of a Professional Extract of Board Resolution Passed at Meeting of Board of Directors of a Private Company / Public Company for Availing Loan From Bank / Loan Against Fixed Deposit / Loan Restructuring in Word / Doc / Pdf Free Download
CERTIFIED TRUE COPY OF THE EXTRACT OF THE RESOLUTION PASSED
AT THE
MEETING OF THE BOARD OF DIRECTORS OF STABNET COMMERCIALS PRIVATE LIMITED
HELD AT THE REGISTERED OFFICE OF THE COMPANY AT 15, M G ROAD 21ST FLOOR MUMBAI 410101
ON 29/09/2023 AT 12:00
The Board was
informed that a request was made to Birla Capital Limited (“BCL”) for sanction of a loan facility
of Rs. 60,20,000/- (Rupees SIXTY LACS TWENTY THOUSAND only) (“Loan”) in one or more tranches, for
meeting the funds requirement of the Company.
The Chairman informed
the Board that BCL has sanctioned the Loan and the draft loan agreement (“Loan Agreement”) and other related
documents to be executed by the Company have been placed before the Board for
its due consideration and have been initialed by the Chairman for the purpose
of identification.
The Board discussed
the matter and passed the following resolutions:
“RESOLVED THAT pursuant to section
179 (3) (d) of the Companies Act, 2013 (or such modification and re-enactment
thereof), and in accordance with the Memorandum and Article of Association of
the Company, consent of the Board of directors of the Company be and is hereby
accorded to borrow the Loan from BCL, in one or more tranches".
“RESOLVED FURTHER
THAT the terms and conditions contained in the draft Loan
Agreement and
other related documents as placed
before the Board be and are hereby approved for execution thereof.”
"RESOLVED
FURTHER THAT AMIT JAIN and PRAVEEN SINGH be and are hereby severally
authorized to agree to change(s), if
any, suggested by BCL to the draft Loan Agreement and/or related
documents and/or in any terms and
condition of sanction of the Loan or continuation of the Loan, apply for and obtain extensions and renewals
thereof, execute the Loan Agreement and such other agreements, deeds,
documents, instruments power of attorney including any modification,
amendments, supplemental in respect of the aforesaid as may be required in
terms of the Loan Agreement or otherwise requested by BCL; and to make all
necessary applications, filings, registrations with any statutory / regulatory
/ governmental authority including but not limited to Registrar of Companies;
and to obtain all approvals, consents as may be required from any statutory /
regulatory / governmental authority and or any other person for the purpose of
availing the Loan; and to do all such acts, deeds and things and to sign all
such documents, forms and writings as may be necessary, expedient and
incidental thereto to give effect to this resolution and for matter connected
therewith or incidental thereto, and if so required, the Common Seal of the Company, if
any, in accordance with Articles of
Association of the Company.”
“RESOLVED FURTHER THAT the aforesaid power
entrusted to the said directors/officials shall be valid and effective unless
expressly revoked by the Board.
“RESOLVED FURTHER THAT a certified copy of
the resolution be given to BCL under the signature of a Director or Company
Secretary.”
Certified True Copy
Company Secretary/Director
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