Sample Template Example of Special Board Resolution of a Private Company under Extra Ordinary General Meeting for Enhancement of Share Paid Up Capital & Credit Limit in India in word / doc / pfd free download
NEETU
METALS LIMITED
54, M G ROAD,
DELHI – 640 120
Certified true copy of the Special Resolution passed
at Extra Ordinary General Meeting of the members held at the Registered Office
of the company on 16th June, 2019.
“ RESOLVED THAT pursuant to the provisions of
Section 372A and other applicable provisions, if any, of the Companies Act,
1956, including any statutory modification or re-enactment thereof, for the
time being in force, consent of the Company be and is hereby accorded to the
Board of Directors of the Company ( hereinafter referred to as “the Board”
) to make any loan, to give guarantee, to provide security, to mortgage /
hypothecate, to create charges on immovable or moveable properties, present or
future, in connection with loans and / or facilities to be made / provided
individually or jointly by any Bank, Institution, Mutual Fund, Insurance
Company or Body Corporate registered in India or in foreign country, to the
Company or any other body corporate, whether Indian Company or foreign company,
whether holding or subsidiary or associate or the company or not, or whether
such loans or facilities are made or provided in the form of working capital
facilities or term loans ( in rupee or foreign currency )or for investment
purposes of the Company or body corporate.
FURTHER RESOLVED THAT the aggregate of the loans
and investments so far made, if any, the amount for which guarantee or security
so far provided, if any, to or in all other bodies corporate, along with
security proposed to be provided / made or given by the Board may exceed sixty
percent of paid-up share capital and free reserves or two hundred percent of
free reserves of the company, whichever is more but not to exceed Rs. 1450
crores in aggregate.
RESOLVED FURTHER THAT for the purpose of giving
effect to the above resolutions, the Board of Directors of the Company be and
is hereby authorized to prepare, finalize the terms and conditions of the above
mentioned loans, facilities, guarantees, securities, instruments and documents
for providing such loans, facilities, guarantees or creating the aforesaid
security, mortgages, charges and hypothecation and to do all such acts and
things, including submitting of the necessary forms with the Registrar of
Companies, and execute such documents, deeds, writings and agreements, as may
be necessary for providing such loans, giving such guarantees or creating
security / mortgages charges and / or hypothecations as aforesaid and to
authorize any of the Directors of the Company or any other person to execute
documents, agreements, etc. and to do all such acts, deeds, matters and things,
including submitting of the necessary forms with the Registrar of Companies, as
may be necessary and / or expedient for giving effect to this resolution. ”
Sd/-
Chairman
Certified to be true copy
For NEETU METALS LIMITED
Director
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