BOARD RESOLUTION - LC DISCOUNTING
Sneha Agrawal
The contents of this e-mail are confidential to the ordinary user of the e-mail address to which it was addressed and may also be privileged. If you are not the addressee of this e-mail you may not copy, forward, disclose or otherwise use it or any part of it in any form whatsoever. If you have received this e-mail in error please e-mail the sender by replying to this message.
Please consider the environment before printing this mail.
Sneha Agrawal
mayank joshi
RESOLVED
a) THAT M/s. , (“the Company”) do borrow from _______________ a company incorporated under the Companies Act, 1956 and a banking company within the meaning of section 5 (c) of the Banking Regulation Act, 1949 and having its Registered Office at , (herein after referred to as “the Bank”), following credit facility/ies:
|
Nature of Facilities |
Amount in INR |
|
Bill
Discounting to Vendor of |
|
(herein after collectively referred to as “Facility/ies”) on the terms and conditions as may be mutually agreed between the Bank and the Company.
b) THAT the following directors, viz. Mr. (the “authorised * Directors”) be and are hereby authorized severally to accept, negotiate and settle the terms and conditions for availing the Facility/ies, to agree to such changes and modifications in the said terms and conditions, to renew the Facilities from time to time and to sign, execute and deliver such deeds, documents, loan agreement(s), supplemental agreements, demand promissory note (s), security documents, and all other addendums, deeds, undertaking, documents, other writings including security documents and other writings as may be necessary or required for availing the Facility/ies.
c) THAT the persons authorized to operate the current account of the Company maintained/ to be maintained with the Bank be and is hereby also authorized to make, give and sign request for availing/ utilizing Bill Discounting to Vendor of Credit facilities granted by the Bank.
d) THAT the Common Seal/ Seal of the Company may be affixed wherever necessary, on the documents, security documents, deeds, undertaking, addendums and other writings executed by the Company for the purpose of availing the Facility/ ies in the presence of , Managing Director of the Company, who shall sign the same in token thereof.
--
--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
---
You received this message because you are subscribed to the Google Groups "CSMysore" group.
To unsubscribe from this group and stop receiving emails from it, send an email to csmysore+u...@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
--
Mayank Joshi