CERTIFIED TRUE COPY OF THE RESOLUTION
passed at the Board meeting of [Company Name] held on [Date]
RESOLVED THAT the Staff Loan and Advance Scheme of the Company, governing eligibility, limits, interest and recovery as set out in [Details], be and is hereby approved and shall take effect from [Effective Date].
FURTHER RESOLVED THAT [Authorised Person Name], [Designation], be and is hereby authorised to sanction loans and advances to eligible employees within the approved limits, execute loan agreements and undertakings and to sign all documents required to give effect to this resolution.
Certified to be a true copy of the resolution duly passed by the Board of Directors.
[Director/Company Secretary]
DIN/Mem No: [..]