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Board Resolution for Sale of Property
CERTIFIED TRUE COPY OF THE BOARD RESOLUTION
Passed at the Meeting of the Board of Directors
A meeting of the Board of Directors of ________________ was duly convened and held on __________ at the Registered Office of the Company.
RESOLVED THAT Mr./Ms. ________________, Director of the Company, be and is hereby authorised to negotiate, finalise and determine the most advantageous price for sale of the Company’s immovable property situated at ________________.
RESOLVED FURTHER THAT the authorised Director be empowered to sign, execute and present the Agreement for Sale, Sale Deed and all other necessary documents before the Registrar or Sub-Registrar of Assurances.
RESOLVED FURTHER THAT the Director is authorised to engage an Advocate and incur necessary expenses in connection with the said sale.
Signature
What is a Board Resolution for Loan from Bank?
Professional Format Guide for Indian Companies
A Board Resolution for obtaining a loan from a bank is a formal corporate document that records the decision of a company's Board of Directors to avail credit or financial assistance from a banking institution. Under the Companies Act, 2013, any borrowing by a company must be sanctioned by its Board through a properly passed resolution.
This resolution is required during the loan application process, opening or modification of bank accounts, execution of loan agreements, and creation of security or mortgage in favour of the lender. It serves as documentary evidence of the Board’s authorisation.
Using a standardised Board Resolution format ensures statutory compliance, professional documentation, and faster processing of loan applications by banks and financial institutions.
Board Resolution for Loan from Bank – Sample Format
[To be printed on Company Letterhead]
Company Name: _______________________________
CIN: _______________________________
Registered Office Address: _______________________________
CERTIFIED TRUE COPY OF THE BOARD RESOLUTION
Passed at the Meeting of the Board of Directors held on __________ (Date) at __________ (Time) at the Registered Office of the Company.
RESOLVED THAT pursuant to the provisions of Section 179 and other applicable provisions of the Companies Act, 2013, the consent of the Board be and is hereby accorded to obtain and avail financial assistance / credit facility of an amount not exceeding Rs. __________ from __________ (Name of Bank), __________ (Branch Name), on such terms and conditions as approved by the Board.
RESOLVED FURTHER THAT the Company be authorised to execute all necessary loan documents, agreements, deeds, undertakings and security documents as required by the Bank, including creation of charge or mortgage in favour of the Bank.
RESOLVED FURTHER THAT Mr./Ms. _________________________, Director of the Company, holding DIN _________________________, be and is hereby authorised to sign, execute and submit all documents and to do all acts, deeds and things necessary to give effect to this resolution.
Certified to be True
For _________________________ (Company Name)
Signature: _________________________
Name: _________________________
Designation: _________________________
DIN: _________________________
Place: _________________________
Date: _________________________
Frequently Asked Questions
Is signature of all directors mandatory?
No. A certified copy signed by one authorised director is sufficient.
Is professional certification required?
Professional certification is not mandatory under Companies Act, 2013.
Should it be on company letterhead?
Yes, it is advisable to prepare the resolution on official letterhead.
Who can be authorised signatory?
Any director authorised by the Board can sign the resolution.
Is shareholder approval required?
If substantial assets are involved, shareholder approval under Section 180(1)(a) may be required.
