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Revised BR Format

1. The document summarizes resolutions passed at a company meeting to borrow financial assistance from ICICI Bank. 2. The resolutions approved borrowing up to a certain amount (Rupees __ million) through various facilities like letters of credit, buyers credit, bank guarantees, overdraft, bill discounting, and export finance. 3. The borrowing would be secured against a term deposit, and two directors were authorized to apply for the facility and sign necessary documents. Certified copies of the resolutions would be provided to ICICI Bank.

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mohit gupta
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438 views2 pages

Revised BR Format

1. The document summarizes resolutions passed at a company meeting to borrow financial assistance from ICICI Bank. 2. The resolutions approved borrowing up to a certain amount (Rupees __ million) through various facilities like letters of credit, buyers credit, bank guarantees, overdraft, bill discounting, and export finance. 3. The borrowing would be secured against a term deposit, and two directors were authorized to apply for the facility and sign necessary documents. Certified copies of the resolutions would be provided to ICICI Bank.

Uploaded by

mohit gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

36EXTRACTOF RESOLUTION PASSED AT THE MEETING OF HELD ON

''RESOL VED :

1. THAT the "Company/Society!Trust do note the borrowing of the following financial


assistances (the "Facilities") by (the "Borrower"} from ICICI Bank Limited
("ICICI Bank") :

i) Letter of Credit not exceeding Rs million (Rupees million only)


ii) Buyers credit not exceeding Rs -::- million ( Rupees ,million only)
iii) Bank Guarantee not exceeding Rs ,--_---::-:-:- million ( Rupees __ -::::_million only)
iv) Over Draft Facility not exceeding Rs million (Rupees:_-:-:: __ million only)
v) Inland Bill Discounting not exceeding Rs million ( Rupees million
only)
vi) Export Finance (Pre-Shipment I Post-Shipment! Both) not exceeding Rs million
( Rupees million only)

On such terms and conditions as may be stipulated by ICICI Bank.

After some discussions, the following resolutions were passed:

"RESOLVED

1. That the Company do borrow and avail of financial assistance by way of Rupee Loan
I Overdraft ILC I BG ILuTI Inland Bill Discountingl Export Finance (Pre-Shipment IPost- I
Shipment) facility not exceeding Rs. 1- (Rupees _ I
;:::-_...,,-...,....,--:;--;-~ only) (the "Facility(ies)") from ICICI Bank against the security of the Term !
i
Deposit detailed below:
!
I CERTIFIED TO BE TRUE I I

Name of the Name of the FOR No. or Date of FOR Final Amount of Rate of I
borrower Depositor(s) DRAIDCA or ORAl Maturity deposit! interest (%
(the (the No.& DCA I Date Date ofFD I amount paid p.a) on FD I
uBorrower") "Depositors"
)
Account No, of 1"
installment
RD in case of
A.D. upto the
RD \
I
in case of date of this
I
A.D. AND letter
the branch (Rs)
which issued \
the FOR I
ORAl DCA I
oass book
*38

2. That Mr./Ms. ,---::--;-_:-=::---,-_~_ And Mr. IMs. --,-__ " Directors of the
Company (the "authorized Directors") are hereby severally authorized to apply for the
aforesaid facility ana submit such application to ICICI Bank and do all such acts and execute
all such documents as ICICI Bank may require in connection with the Facility.
Limit set up process for facilities backed by Deposit
Page 66 of 99
.~,;

3, The common seal/stamp of the Company be affixed in the presence of


-------- ** on such of the documents as are required by ICICI Bank..
** As per Articles of the Company

4. Copies of the aforesaid resolutions certified to be true be furnished to ICICI Bank and they
be requested to act thereon.

CERTIFIEDTO BE TRUE

Chairman/Managing Director/Secretary
-~----- -_...:....:...- -----

• "! •••••••

~-------T-.- ---

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