Board Resolution
For Availing Working Capital Limits From Consortium Banks. Official corporate authorization template.
Board Resolution Preview
Official extract of the board meeting authorizing WC limits.
CERTIFIED TRUE COPY OF THE RESOLUTION
PASSED BY THE BOARD OF DIRECTORS OF ABC INDUSTRIES LIMITED
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF THE BOARD OF DIRECTORS OF ABC Industries Limited HELD ON 20-Feb-2026 AT REGISTERED OFFICE AT Industrial Area, Mumbai.
"RESOLVED THAT the Company do avail working capital facilities to the extent of Rs 1500 lacs from a consortium of banks with Lead Bank acting as the Lead Bank."
"RESOLVED FURTHER THAT the following participating banks be and are hereby authorized to provide facilities as per the limits mentioned below:"
| Participating Bank | Limit (lacs) |
|---|---|
| Lead Bank (Lead Bank) | As per Sanction |
| Bank 2 | 500 |
| Bank 3 | 500 |
"RESOLVED FURTHER THAT the following Directors of the Company be and are hereby authorized jointly and/or severally to execute the necessary documents, agreements, and deeds in favor of the Lead Bank and participating banks:"
- Director A
- Director B
CERTIFIED TRUE COPY
For ABC Industries Limited
______________________
Chairman / Director
Corporate Procedure
Ensure this resolution is recorded in the Company's Minutes Book and a copy is filed with the Registrar of Companies (ROC) if there is a change in the charge created.