Board Minutes of Meeting of Directors

This document is Board Minutes of Meeting Of Directors regarding the approval of a loan from a Director to the Company pursuant to the articles of association of the company (Director's Loan). It is resolved that a director shall lend the amount of loan for the purpose of funding the working capital of the company. 

It states the details of the meeting, and in addition to the director's loan is approved, the Director's authority to sign any relevant documents, to affix the seal of the Company to any documents related to the director's loan and any action taken by any Director prior to these resolutions which fall within the conferred authority is ratified and confirmed.

It shall be noted that the director's loan is for the long-term commercial benefit, best interest and purpose of its business. This is to ensure that no Director is contemplating, knowingly, using the Company as a disguise and approve the director's loan for his or her own personal use or interest.

How to use this Document?

This document should be carefully read by all relevant parties, especially the Director, who is responsible for signing the document in order to approve the loan.

This document should be signed by the Chairperson of the company.

How to Tailor the Document for Your Need?

1. Create Document: Click “Create Document” button and fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.

2. When you are done, click the “Get Document” button and you can download the document in Word or PDF