Resolution u/s 185(2)
Aanchal Chopra
CS Rakesh Kumar
APPROVAL FOR LOAN TO _______________ :
“RESOLVED THAT pursuant to Section 185 of Companies Act, 2013 and Rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force) and Memorandum and Articles of Association, the consent of the shareholders of the Company be and is hereby accorded to give unsecured loan of up to Rs. _______/- (Rupees _______ Only) to _______________ (“Borrower”), being an entity covered under the category of ‘a person in whom any of the directors of the Company is interested’ as specified in the explanation to Sub section 2 of the said Section for its principal business activities on such terms and conditions as may be agreed between the Borrower and the Company in the best interest of the Company.
RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board be and is hereby authorized to negotiate, finalize and agree the terms and conditions of the aforesaid loan and to take all necessary steps, to execute all such documents, instruments and writings and to do all necessary acts, deed and things in order to comply with all the legal and procedural formalities and to do all such acts, deeds or things incidental or expedient thereto and as the Board may think fit and suitable.”
For every SR, MGT-14 is required to be filed
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Aanchal Chopra
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