Board Resolution for Approval of Company Borrowing

Document Type: DOCX

Number of Pages: 3

Price: KES 200
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Summary

The Board Resolution for Approval of Company Borrowing is a formal document that authorizes a company to engage in borrowing activities, such as securing loans or credit facilities.

Typically contains the following information
1. Title of the Resolution
2. Date of the Meeting
3. Attendance Record of Board Members
4. Statement of Purpose
5. Details of the Proposed Borrowing
- Amount
- Purpose
- Terms and Conditions
6. Approval Clause
7. Signatures of Board Members
8. Effective Date of the Resolution

Download a sample resolution template here on sheriaplex.

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Disclaimer: This document is not to be taken as legal advise.

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