Board Resolution - Availing Loan/Borrowing format

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS of Client name held on Meeting date at Meeting venue AVAILING OF CREDIT FACILITIES "RESOLVED THAT pursuant to Section 179(3) of the Companies Act, 2013, the consent of the Board be and is hereby accorded to avail credit facilities up to Rs. Loan amount from Bank name on such terms and conditions as may be agreed, and to create such security on the assets of the Company as may be required. RESOLVED FURTHER THAT Authorised person name, Authorised person designation, be and is hereby authorised to negotiate, finalise and execute the facility documents and to do all acts necessary to give effect to this resolution." For Client name _______________________ Client authorized person Client authorized person title Date: Date Place: Place