Get Creation Of Charge Board Resolution

Filling out the Creation Of Charge Board Resolution form is an essential step for companies seeking to secure a bank loan through a second charge on their immovable properties. This guide provides clear, step-by-step instructions to help users complete the form accurately and efficiently, ensuring compliance with relevant regulations.

Follow the steps to complete the form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the name of your company in the space provided where it states 'M/S ____________________________________'. Make sure to include the official registered name.
3. In the section for the date of the meeting, enter the date when the board meeting was held to discuss the resolution.
4. Input the details of the immovable properties, including any project numbers as indicated. This identifies the properties involved in the charge.
5. Specify the total amount of the bank loan being secured by the charge. Write the total figures in lakhs, ensuring accuracy.
6. Identify the bank or financial institution granting the loan and fill in their name where indicated.
7. Provide the names of the directors authorized to give consent on behalf of the company. Ensure that these are the correct individuals as per company mandate.
8. You will need to confirm the intended use of the title deeds as your company's security, ensuring that all relevant terms are acknowledged.
9. After completing all sections, review your entries for accuracy and completeness. Make adjustments as necessary.
10. Once all information is verified, you can save the changes, download the completed form, or share it as required.

Begin filling out your documents online to ensure a streamlined process and effective management of your company's resolutions.