Board Resolution for Obtaining Loan from Director

Note: You can download the format of board resolution for accepting loan from director by company in word file from the link provided at the end of this post.


On Company Letterhead

Board Resolution for Taking Loan from Director by Company

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [Name of Company], HELD ON [Date], AT [Address].

The Director Mr./Mrs. [Name of Director], informs to the board that company is required to borrow money for smooth functioning and expansion of business operations. [Name of Director Giving Loan] has expressed his willingness to provide the loan to the company.

RESOLVED THAT in accordance to Companies Act 2013, subject to such permissions and approvals as may be required form appropriate authorities, the consent of the board of directors be and is hereby provided to borrow money up to [Rs. XXXXXXXXX/-] from [Name of Director Giving Loan]. The loan can be accepted by company on such terms and conditions that are not prejudicial to the interest of the company.

FURTHER RESOLVED THAT Mr./Mrs. [Name of Director], Director of the company be and is hereby authorized to sign and file all the necessary papers and forms with the Registrar of Companies, in connection with accepting such loan and also authorised to do all acts, things and deeds necessary to give effect to the said resolution.

FURTHER RESOLVED THAT Mr./Ms. [Name of Professional], Company Secretaries / Chartered Accountants / Cost Accountants, be and is hereby authorised to certify and file necessary forms and return with the Registrar of Companies through MCA portal.

 

CERTIFIED TRUE COPY

For [Name of Company]

 

 

[Name of Director]

Director  

DIN: [XXXXXXXX]

Date: [XX/XX/20XX]


Download Link:-

Download Format of Board Resolution for Borrowing Money from Director by Company in Word Format

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