Board Resolution for term loan
deepak gupta
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Regards,
W 123 | Greater Kailash Part II | New Delhi - 110048, India
M: 91 98113 00590 | E: dee...@dnsadvisors.com | www.dnsadvisors.com
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KAGGANTY NAGESH BABU
"RESOLVED THAT consent of the Board be and is hereby given to avail the Facility for meeting the aforesaid requirements of the Company' from BANK LTD (hereinafter referred to as " ") on such terms and conditions, as contained in the Transaction Documents which are placed before the Committee and initialled by the Chairman for the purpose of identification.
RESOLVED FURTHER THAT the draft of the Transaction Documents placed before the Board be and is hereby approved and confirmed.
X
RESOLVED FURTHER THAT the consent of the Board be and is hereby given to borrow such sums, in a lump sum / from time to time under the Facility, provided that the aggregate amount of Rupees Fifty Lakhs only outstanding under the Facility at any time shall not exceed Rs. 5,000,000/- (Rupees Fifty Lakhs Only).
RESOLVED FURTHER THAT Mr. , Director of the Company, authorised to execute for and on behalf of the Company the loan Agreement, demand promissory note, letter of continuity, request letters and any other agreements, deeds, documents and writings as may be required by BANK LTD and to do all such acts, deeds and things necessary for the availing the aforesaid Facility and giving effect to this resolution."
RESOLVED FURTHER THAT Mr. , Director is authorised to create such security as may be required by BANK LTD B and to execute any agreements, deeds, documents and writings and do all acts, deeds, matters and things as may be required by BANK LTD including without limitation registering any charges or admitting execution of documents with the offices of registrar of companies or with any other regulatory authority as required under the applicable law and to do all such acts, deeds and things necessary for giving effect to this resolution.
RESOLVED FURTHER THAT Mr. , Director of the Company shall be the authorized signatory of the Company, for all other purposes in relation to availing of the aforesaid Facility.
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