Board Resolution · ESOP & Investments
Inter-company loan u/s 186
A ready-to-use board resolution draft under the Companies Act 2013. Fill in your company name, date, CIN and figures, then copy or download. Special Resolution — file MGT-14 with ROC within 30 days.
[Company Name] · CIN: [____]
Certified extract of the resolution passed at the meeting of the Board of Directors held on [Date] at [Registered Office]:
"RESOLVED THAT pursuant to Section 186 of the Companies Act, 2013, the consent of the Board (accorded by unanimous vote of all directors present) be and is hereby given to grant a loan of Rs. [amount] to [Borrower Company Name] ([CIN]) at an interest rate not below the prevailing yield of Government securities of comparable tenure.
RESOLVED FURTHER THAT where the loan, together with existing loans/guarantees/investments, exceeds the limits under Section 186(2), the same be placed before the members for a special resolution and Form MGT-14 be filed; and that [Director Name] be authorised to execute the loan agreement and make the register entries."
For [Company Name]
[Director Name], Director (DIN: [____])
[Director Name], Director (DIN: [____])
This is a general template for reference only. Have it reviewed by a qualified Company Secretary / lawyer and adapt to your company's Articles before use.
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