forwith writing board resulotion
athe duly constitutedmeeting of the Board of Directors of ABC Ltd held at the registered office at Plot No. 0 Block - Rd on 25th July 2015 under the chairmanship of Mr. AAA.
openedcalled the meeting to order and declared that a quorum was present.
The Chairman announced (announced what?) as per the agenda, and the members discussed the same.
THE BOARD RESOLVED:
want to* increase our turnover and forto achieve that we increase our available stock. have to for thisWe want toapply for a loan of amount 500 Million from CCC Bank. We further RESOLVED that chairman Mr. AAA is visitingout of the country so director Mr. BBB will be the signatory for all documentation and the Company secretary be authorized to execute the necessary documents and create the securities necessary to avail the said loan facility.
*You resolve to do something. You don't resolve to want something.
There being no any other business the meeting
was closedadjourned at 11:00 A.M.
For and on behalf of ABC Limited
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