Resolved That pursuant to the provisions of Section 186 read with Companies (Meetings of Board and its Powers) Rules, 2014, Section 179 and other applicable provisions of the Companies Act, 2013 read with rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force), <subject to approval of the members(delete if it is not applicable)> the consent of the Board be and is hereby accorded to grant the loan to M/s. ______, [Name of the Company/person/body corporate], up to a maximum amount of Rs. ______ (Rupees ______ only) at a rate of interest of ______ % per annum and upon such terms and conditions as may be mutually agreed upon/as per the draft Loan Agreement as placed before the Board duly initialed by the Chairman.
Resolved Further That Mr./ Ms. ______ [Name and Designation of the authorized person] of the Company be and is hereby authorized to take all necessary steps relating to grant of loan to M/s. ______ [Name of the Company/person/body corporate], and to make, sign and execute, on behalf of the Company, such deeds, documents, agreements, undertakings and all other necessary papers as may be required; to accept modifications to the same as may be necessary and to do all such acts, deeds and things that may be required or considered necessary or incidental for the same.
Resolved Further That Mr./ Ms. ______ [Name and Designation of the authorized person] of the Company be and is hereby authorized to file Form MGT-14 with the Registrar of Companies, to make necessary entries in the Statutory registers of the company and to do all such acts/ deeds/ things as may deem fit to give effect to this resolution.
For and on behalf of ___________ (Company Name) ___________
___________________ (Name of Company Secretary, if any / Director)
___________________ (Designation)
_____________________ (DIN / Membership No. as the case may be)
_____________________ (Address of the Director)
