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CERTIFIED COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF HELD ON TUESDAY, THE AT THE REGISTERED OFFICE OF THE COMPANY
TO AVAIL TERM LOAN FROM CANARA BANK,
The Board after a brief discussion, unanimously “RESOLVED THAT the copy of letter No. ………………. dated ……..day of …………2011 received from Canara Bank, communicating the sanctioning of Term Loan of Rs. /- (Rupees Only) towards construction of building and purchase of Machineries, placed before the Board and initialed by the Chairman of the Meeting for the purpose of identification be and is hereby received, noted and accepted and that Mr. Directors of the Company be authorized to sign and acknowledge the same as a token of acceptance for and on behalf of the Company.
RESOLVED FURTHER that the copies of the agreements/documents to be executed by the Company for availing the Term Loan for construction of building and purchase of Machineries be placed before the Board and initialed by the Chairman of the Meeting for the purpose of identification be and are hereby approved for execution and that
, Directors of the Company be authorized to sign and execute the said documents/agreements in favour of Canara Bank, for and on behalf of the Company.
RESOLVED FURTHER that , Directors of the Company be and are hereby authorised to offer assets/create charge on the assets of the Company as security to Bank for securing the repayment of above Term Loan for and on behalf of the Company and that the Directors of the Company be requested to give personal guarantees to Canara Bank, for securing the above Term Loan being availed by the Company from the Bank.
RESOLVED FURTHER that approval be and is hereby accorded to affix the Common Seal of the Company in all the documents wherever required being executed by the Company and the affixing of the seal to be witnessed by Mr. , Directors of the Company in token of their presence at the time of affixing the seal.
RESOLVED FURTHER Mr. of the Company be authorized to file necessary eforms with the Registrar of Companies, Karnataka, Bangalore for creation of Charge for and on behalf of the Company and that the certified copy of this resolution be forwarded to Canara Bank, for their records, if required.”
For
DIRECTOR
CERTIFIED COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF HELD ON TUESDAY, THE AT THE REGISTERED OFFICE OF THE COMPANY
TO AVAIL TERM LOAN FROM CANARA BANK,
The Board after a brief discussion, unanimously “RESOLVED THAT the copy of letter No. ………………. dated ……..day of …………2011 received from Canara Bank, communicating the sanctioning of Term Loan of Rs. /- (Rupees Only) towards construction of building and purchase of Machineries, placed before the Board and initialed by the Chairman of the Meeting for the purpose of identification be and is hereby received, noted and accepted and that Mr. Directors of the Company be authorized to sign and acknowledge the same as a token of acceptance for and on behalf of the Company.
RESOLVED FURTHER that the copies of the agreements/documents to be executed by the Company for availing the Term Loan for construction of building and purchase of Machineries be placed before the Board and initialed by the Chairman of the Meeting for the purpose of identification be and are hereby approved for execution and that
, Directors of the Company be authorized to sign and execute the said documents/agreements in favour of Canara Bank, for and on behalf of the Company.
RESOLVED FURTHER that , Directors of the Company be and are hereby authorised to offer assets/create charge on the assets of the Company as security to Bank for securing the repayment of above Term Loan for and on behalf of the Company and that the Directors of the Company be requested to give personal guarantees to Canara Bank, for securing the above Term Loan being availed by the Company from the Bank.
RESOLVED FURTHER that approval be and is hereby accorded to affix the Common Seal of the Company in all the documents wherever required being executed by the Company and the affixing of the seal to be witnessed by Mr. , Directors of the Company in token of their presence at the time of affixing the seal.
RESOLVED FURTHER Mr. of the Company be authorized to file necessary eforms with the Registrar of Companies, Karnataka, Bangalore for creation of Charge for and on behalf of the Company and that the certified copy of this resolution be forwarded to Canara Bank, for their records, if required.”
For
DIRECTOR
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