Board Resolution for corporate guarantee
Bidu Bhusan Dash
Sridevi B.N
“RESOLVED THAT pursuant to the provisions of the Companies Act, 2013 and all other applicable laws and regulations if any, consent of the Board be and is hereby accorded to provide required Corporate Guarantee in favour of ……….. Bank Limited, Bangalore as per the terms of the borrowing to be agreed by ……………… Private Limited for availing the credit facility for an amount not exceeding Rs…. Crore [Rupees …………… Crore].
RESOLVED FURTHER THAT Mr. ……….., Mr. …………….., , Directors, Mr. ………….., Company Secretary, Mr. …………… and Mr. …………….., Authorised Signatories be and are hereby severally authorized to negotiate, finalize and agree to such terms and conditions and to execute the aforesaid Corporate Guarantee and / or other documents including comfort letter stating the intention of the Group / the Company …………….., Power of Attorney / Affidavit in favour of any other officials within the above limits and to do all such acts, deeds and things as may be necessary in this regard, on behalf of the Company.
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Company Secretary
Mysore Sales International Limited