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    Board Resolutions For Companies

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    bharat
    The board resolution certifies that the company agreed to enter into a financing agreement with Kotak Mahindra Prime Ltd. for a loan up to a certain amount. The loan would be used to purchase assets for company officers' use, not commercial purposes. The amount would be repaid in installments over a period not exceeding a certain number of months. Kotak Mahindra would have first charge over the financed assets. The board authorized an individual to execute all documents for the transaction, including agreements, promissory notes, and power of attorney.

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    Board Resolutions For Companies

    Uploaded by

    bharat
    84 views1 page
    The board resolution certifies that the company agreed to enter into a financing agreement with Kotak Mahindra Prime Ltd. for a loan up to a certain amount. The loan would be used to purchase assets for company officers' use, not commercial purposes. The amount would be repaid in installments over a period not exceeding a certain number of months. Kotak Mahindra would have first charge over the financed assets. The board authorized an individual to execute all documents for the transaction, including agreements, promissory notes, and power of attorney.

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    Board Resolutions for Companies

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    The board resolution certifies that the company agreed to enter into a financing agreement with Kotak Mahindra Prime Ltd. for a loan up to a certain amount. The loan would be used to purchase assets for company officers' use, not commercial purposes. The amount would be repaid in installments over a period not exceeding a certain number of months. Kotak Mahindra would have first charge over the financed assets. The board authorized an individual to execute all documents for the transaction, including agreements, promissory notes, and power of attorney.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    84 views1 page

    Board Resolutions For Companies

    Uploaded by

    bharat
    The board resolution certifies that the company agreed to enter into a financing agreement with Kotak Mahindra Prime Ltd. for a loan up to a certain amount. The loan would be used to purchase assets for company officers' use, not commercial purposes. The amount would be repaid in installments over a period not exceeding a certain number of months. Kotak Mahindra would have first charge over the financed assets. The board authorized an individual to execute all documents for the transaction, including agreements, promissory notes, and power of attorney.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    Date:

    BOARD RESOLUTIONS FOR COMPANIES

    We hereby certify that the following is the true copy of a resolution adopted by Board
    of Director of the said Company in accordance wit their authority, at a meeting duly
    held on________________________________and not subsequently rescinded or
    modified.

    Resolved that the company do enter into a financing agreement by way of loan up to
    Rs.________________________________/- from KOTAK MAHINDRA PRIME
    LTD. on following terms and conditions

    a) The amount shall, be used for the purchase of


    ________________________________ which are to be used by the officer of
    the company and not for commercial purposes.
    b) The amount will be repayable in periodical installments for tenure not
    exceeding _____________ months.
    c) That KOTAK MAHINDRA PRIME LTD. shall have first and exclusive
    charge on the ____________________________________________ financed.

    And with reference to the above transaction the Board authorizes


    Mr./Mrs._________________________________________________ to make, enter
    into, execute and deliver to KOTAK MAHINDRA PRIME LTD. all documents
    including the agreement, promissory note, and power of attorney.

    ________________________________
    CHAIRMAN / DIRECTOR / SECRETORY

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