(TO BE OBTAINED ON THE LETTERHEAD OF THE
APPLICANT COMPANY)
CERTIFIED
TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF
___________________________ LIMITED AT
THE BOARD MEETING HELD ON _______________ at _____________________
The
Chairman informed the Board that the Company had approached AXIS Bank ____________
Branch for availing financial assistance by way of ______________(facility) . The Chairman further informed that the Bank
has agreed to sanction the said ________________Facility vide its sanction letter no.
_______________________ _________________ . The Chairman placed before the
Board the said sanction letter wherein
the following security is stipulated
for the ____________________ facility sanctioned to the Company.
(i)…………………..
(ii)
…………………
(iii)
Personal Guarantee of Mr. …………… (Director)
(iv)
Personal Guarantee of Mr. …………… (Director)
After
discussions, the Board then passed the following resolution -
“RESOLVED
THAT the approval of the Board be and is hereby given to the Company to avail
financial assistance from AXIS Bank______________Branch as a Borrower for the
amount not exceeding in the aggregate, Rupees _______________, in terms of the
Bank’s sanction letter no. ____________________ dated _________________, as
placed before the Board.”
“FURTHER
RESOLVED THAT _______________
Director and _______________ Director , (give
designation if a senior official other than a director) be and are hereby
jointly and severally authorised to sign, execute and deliver all the documents
as may be necessary for the proper availing of the said facility and as may be
required by the Bank and further to furnish, sign, execute and deliver such
indemnities and/or declarations and/or affidavits on behalf of the Company in
favour of the Bank as may be required by the Bank in any matter related hereto
and generally to do all such acts and deeds as may be necessary for availing the said financial facility as a
borrower.”
“FURTHER
RESOLVED THAT the approval of the Board be and is hereby given to affix the
common seal of the Company on any or all documents in terms of the Articles of
Association of the Company, as may be required by the Bank.”
“FURTHER
RESOLVED THAT to secure the said facility and/or to create mortgage over the
assets as stipulated in the sanction letter of the Bank _______________ Director
and ____________________ Director be and are
hereby requested to execute such documents including the deposit of Title Deeds
as are required for creation of valid mortgage as provided in the terms of
sanction.”
“FURTHER
RESOLVED THAT a Certified True Copy Of this Resolution be furnished to the Bank
and/or such persons/entities as may be deemed fit by _____________ ,
and/or ______________.
CERTIFIED
TRUE COPY
For
________ Limited
Director/
Authorised Signatory / Company Secretary/ Chairman
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