[Company/Firm Name]
[Registered Office Address]
[CIN/Registration Number]
Date: ____________
At the meeting of the Board of Directors / Partners of [Company/Firm Name] held on __________ at __________ (venue), the following resolution was unanimously passed:
“RESOLVED THAT the Company/Firm do hereby apply for a loan/credit facility of ₹ __________ (Rupees __________ only) from [Name of Bank/Financial Institution], [Branch Name], on such terms and conditions as may be agreed upon by the authorized signatories.
RESOLVED FURTHER THAT Mr./Ms. __________, [Designation], and Mr./Ms. __________, [Designation], be and are hereby authorized to negotiate, finalize, and execute all necessary documents and agreements related to the loan/credit facility on behalf of the Company/Firm.
RESOLVED FURTHER THAT Mr./Ms. __________, [Designation], be and is hereby authorized to sign, submit, and verify all necessary forms, documents, applications, and undertakings required by the lender for obtaining the said loan.
RESOLVED FURTHER THAT the said loan shall be utilized for the purpose of __________ (mention purpose, e.g., working capital, machinery purchase, business expansion, etc.).
RESOLVED FURTHER THAT a certified true copy of this resolution be furnished to the bank/financial institution as required.”
Certified True Copy,
For [Company/Firm Name]
[Name & Designation of Company Secretary / Authorized Signatory]
Date: ____________
