This document is the Board Minutes of Meeting Of Directors regarding the approval of a Director's Loan for funding the working capital of the company. It includes the details of the meeting and the resolutions passed pursuant to the articles of association of the company. The keywords used in this document include Board minutes, Meeting of Directors, Director's loan, working capital, loan approval, Articles of Association, company loan, director lending money, corporate governance, and compliance.

The resolution notes that the Directors have declared their interests (if any) in the transaction in accordance with the articles of association of the Company. It also notes that the transactions were carefully considered by the Directors and are in the best interest and benefit of the Company.

The loan is for the long-term commercial benefit, best interest, and purpose of the Company's business. The Director shall lend an amount of loan for funding the working capital of the Company, and the interest payable to the Director shall be at a specified rate per annum, constituting a total amount to be repaid on a specified date.

The resolutions passed by the Directors include the approval of the loan, the authorisation for any Director to sign, execute, seal, or dispatch all documents related to the loan, the authorisation for any Director to affix the common seal of the Company to any documents related to the loan, and the ratification, approval, and confirmation of any action taken by any Director and any other officer of the Company prior to the adoption of these resolutions within the authority conferred by the foregoing resolutions.

This document ensures compliance with the articles of association of the Company and corporate governance principles. It aims to prevent any Director from contemplating, knowingly, using the Company as a disguise to approve the director's loan for his or her own personal use or interest. The approval of the Director's Loan is critical to the financial stability and working capital needs of the Company.

How to use this Document?

1. Introduce the document: Start by introducing the document, highlighting its purpose and importance. Mention that it is the minutes of the meeting of the Directors of a particular company, and it pertains to the approval of a loan from a Director to the Company pursuant to the articles of association of the company (Director's Loan).

2. Provide a summary of the document: Give a brief overview of the document, highlighting the key points discussed and the resolutions passed during the meeting. Mention that the document confirms the approval of the Director's loan and authorises a Director to sign all relevant documents and perform all acts on behalf of the Company in connection with the loan.

3. Emphasise the importance of the Director's Loan: Reiterate the importance of the Director's loan, mentioning that it is for the long-term commercial benefit, best interest and purpose of the Company's business. Highlight that this ensures that no Director is using the Company as a disguise and approves the Director's loan for personal gain.

4. Mention the signatories: State the names of the Directors who signed the document, including the Chairman, who chaired the meeting. Emphasise that it is important to carefully read the document before signing it, particularly for the Director responsible for approving the loan.

5. Add important details: Include additional details such as the quorum present during the meeting and the repayment date for the loan. Mention that the transactions contemplated by the Directors were carefully considered before approval.

6. Conclude with a call to action: Encourage relevant parties to read the document and ensure that they understand its contents before signing it. Mention that it is essential to follow the guidelines and protocols of the articles of association of the Company.