Extract of the Board Resolution (FORMAT 1) in Word Format

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Extract of the Board Resolution (FORMAT 1) in Word Format


[On the letterhead of the Company]


CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THEMEETING OF THE BOARD OF DIRECTORS OF _____________________________________PVT. LTD.HELD AT THE REGISTERED OFFICE OF THE COMPANY AT _________________________________________________ ON (       /0 /2025) AT 11.00AM

The Board was informed that a request was made to Stabnet Finvest Limited (“SFL”) for sanction of a loan facility of ___________________/- (Rupees  only)(“Loan”) in one or more tranches, for meeting the funds requirement of the Company.

The Board was informed that SFL has sanctioned the Loan vide sanction letter dated[](“Sanction Letter”) containing the terms and conditions of sanction of the Loan and the draft loan agreement(“Loan Agreement”) and other related documents to be executed by the Companywhich have been placed before the Board for its due consideration and have been initialed by the Chairman for the purpose of identification.

The Board discussed the matter and passed the following resolutions:

“RESOLVED THAT pursuant to section 179 (3) (d) of the Companies Act, 2013 (or such modification and re-enactment thereof), and in accordance with the Memorandum and Article of Association of the Company,consent of the Board of directors of the Company be and is hereby accorded to borrow the Loan from SFL, in one or more tranches".

“RESOLVED FURTHER THAT the terms and conditions contained in the Sanction Letter be and are hereby accepted and the draft Loan Agreement and other related documents as placed before the Board be and are hereby approved for execution thereof.”

“RESOLVED FURTHER THAT pursuant to the terms of Section 179 (3) (f) of the Companies Act, 2013, the Company be permitted to mortgagethe immovable property bearing number property ________________________________________________________within the limits of Kolkata Municipal Corporation, owned by it, to SFL and provide such other security as may be required by SFL, for securing the Loanalong with all interest, additional interest, pre-payment charges, commission, discount, cost, charges, expenses and all other dues and outstanding in respect of the Loan.”

"RESOLVED FURTHER THAT ______________________________ be and are hereby severally authorized to agree to change(s), if any, suggested by SFL to the draft Loan Agreement and/or any loan documentation mandated by SFL, and/or in any terms and condition of sanction of the Loan or continuation of the Loan,  apply for and obtain extensions and renewals thereof, execute the Loan Agreement and such other agreements, deeds, documents, instruments power of attorneyincluding any modification, amendments, supplementals in respect of the aforesaid as may be required in terms of the Sanction Letter / Loan Agreement or otherwise requested by SFL, to create mortgage / charge on the aforesaid immovable property or provide such other security as may be required by SFL; and to make all necessary applications, filings, registrations with any statutory / regulatory / governmental authority including but not limited to Registrar of Companies for the creation and perfection of mortgage over the said immovable property of the Company; and to obtain all approvals, consents as may be required from any statutory / regulatory / governmental authority and or any other person for the purpose of availing the Loan and/or creation and perfection of mortgage as may be required by SFL; and to do all such acts, deeds and things and to sign all such documents, forms and writings as may be necessary, expedient and incidental thereto to give effect to this resolution and for matter connected therewith or incidental thereto, and if so required, the Common Seal of the Company be affixed thereto in the presence of Mr/Mrs____________________Director, who shall sign the same in token thereof  as required by the Articles  of Association of the Compa­ny.”

“RESOLVED FURTHER THAT the aforesaid power entrusted to the said directors/officials shall be valid and effective unless expressly revoked by the Board.

“RESOLVED FURTHER THAT a certified copy of the resolution be given to SFL under the signature of a Director or Company Secretary.”


Certified True Copy


Company Secretary/Director


[Company seal to be placed and to be authenticated as per the articles of association.]


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