Disclosure of Interest

Director's Loan

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Description:

Director disclosing / declaring his / her interests in a loan to the board of directors. This also serves as a notice to board meeting. The person giving the loan hereby gives notice that they are to be regarded as being interested in a loan of a stipulated amount which they shall lend to the Company for the identified purpose of funding its working capital (“Loan”) on the following terms: The Loan shall be documented by a loan agreement between myself and the Company (“Loan Agreement”); The interest rate of the Loan shall be of a specified per cent. per annum; and The Loan shall be repaid on the date falling a specified number of years from the date of the Loan Agreement. This letter shall constitute notice to disclose the material interest of a director under the Constitution of the Company. They propose that a meeting of directors be held to consider this issue on an identified date.

How to use this Document?

This is a standard form of Director disclosing / declaring his / her interests in a loan to the board of directors.

This letter shall constitute notice to disclose the material interest of a director under the Constitution of the Company. They propose that a meeting of directors be held to consider this issue on an identified date.

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Document Type:

Corporate / resolution / minutes

Category:

Business > Banking and Finance > Commercial Loan Agreement, Intragroup & Director Loan

 
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DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.