BOARD RESOLUTION TO MAKE INVESTMENTS, GIVE LOANS, GUARANTEES AND PROVIDE SECURITIES UNDER SECTION 186 OF THE COMPANIES ACT 2013

 

BOARD RESOLUTION TO MAKE INVESTMENTS, GIVE LOANS, GUARANTEES AND PROVIDE SECURITIES UNDER SECTION 186 OF THE COMPANIES ACT 2013

 

 

TO MAKE INVESTMENTS, GIVE LOANS, GUARANTEES AND PROVIDE SECURITIES UNDER SECTION 186 OF THE COMPANIES ACT 2013


The board read the Section 186 of the Companies Act 2013 and discussed on its provision and passed the following resolutions unanimously:


“RESOLVED THAT pursuant to the provisions of Section 186 of the Companies Act, 2013 and other applicable provisions, if any, and subject to such consents, approvals and permissions of shareholders, such authorities, institutions, agencies as may be required, the approval of the board of directors of the Company be and are hereby given (i) to give any loan to any person or other body corporate; (ii) to give guarantee or provide security in connection with a loan to any other body corporate or person; (iii) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate, upto a sum not exceeding Rs. AMOUNT (RUPEES AMOUNT IN WORDS ONLY) excluding interests and other costs attached thereto, remaining outstanding at any time, notwithstanding that giving of such corporate guarantee, loan together with the existing investment(s), loan, guarantee, security provided by the company exceeds sixty percent of the paid up share capital, free reserves, securities premium account or one hundred percent of its free reserves and securities premium account of the Company.

RESOLVED FURTHER THAT no loan shall be made at a rate of interest lower than the prevailing yield of one year, three year, five year or ten year Government Security closest to the tenor of the loan.

RESOLVED FURTHER THAT any director of the Company be and is hereby authorized, jointly or severally to execute such agreements, papers, deeds and other instruments or writings containing such conditions and covenants as it may think fit to give effect to this resolution and to do all such acts, deeds, things and take all such steps in this regard as it may in its absolute discretion, deems necessary, fit and proper.

RESOLVED FURTHER THAT any director of the company be and is hereby authorized to digitally sign and file the aforesaid resolutions in necessary e-form MGT-14 with the Registrar of Companies, NCT of Delhi & Haryana.

RESOLVED FURTHER THAT the said e-form be certified by Mr/Ms. Name of PCS, (if required) Practicing Company Secretary who is eligible to sign the form digitally.”

 

Certified to be true

FOR COMPANY NAME 

 

(NAME OF DIRECTOR) 

DESIGNATION 

DIN:           

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