“RESOLVED THAT pursuant to provisions of Section 179(3)(d) and any other applicable provisions of Companies Act, 2013 read with Rules thereunder (including any statutory modifications or re-enactment thereof, for the time being in force), the consent of the Board of Directors of the Company be and is hereby accorded to avail <secured/unsecured> loan from [•][Name and details of the lender] up to a maximum amount of Rs. [•] (Rupees [•] only) at a rate of interest of [•]% per annum and upon such terms and conditions as may be mutually agreed upon;

RESOLVED FURTHER THAT Mr. [●],[●] and/or Mr. [●],[●] [ Names and Designation of Authorized Representatives] of the Company, be and is hereby <severally/jointly> authorized to sign and submit all papers, deeds and documents and to do all such acts, deeds and things as may be deemed expedient and incidental thereto to give effect to this resolution.”

Section 179 of Companies Act, 2013