Board Resolution

Board Resolution to Avail a Term Loan

A certified board resolution approving a term loan facility and authorising execution of the loan documents.

CERTIFIED TRUE COPY OF THE RESOLUTION

passed at the meeting of the Board of Directors of [Company Name] held on [Date] at [Place]

RESOLVED THAT pursuant to the applicable provisions of the Companies Act, 2013, the consent of the Board be and is hereby accorded to avail a Term Loan facility of Rs. [Amount] from [Bank Name], [Branch] Branch, on the terms and conditions set out in the sanction letter, for the business requirements of the Company.

FURTHER RESOLVED THAT [Authorised Person Name], [Designation], be and is hereby authorised to accept the sanction letter and to sign, execute and deliver the loan agreement, security documents, promissory notes and all other papers required by the bank to avail and secure the said facility.

Certified to be a true copy of the resolution duly passed by the Board of Directors.

___
[Director/Company Secretary]
DIN/Mem No: [..]

Before you use it — fill in / check

  • Company name
  • Bank/party name
  • Authorised person
  • Meeting date

How to use this template

  1. Read through and replace every [bracketed] or blank placeholder with your actual details.
  2. Delete any clause that doesn't apply and add anything specific to your situation.
  3. Click Print / Save as PDF to download, or Copy text to paste into your letterhead.
  4. Get it signed / stamped / notarised as required, and keep a copy for your records.

This is a general, editable template for convenience only — not legal advice. For anything material, have a professional review it. TaxClue isn't liable for how it's used.