Board resolution, inter-corporate loan or investment within the section 186 limit

Certified true copy of the resolution passed at the meeting of the Board of Directors of [ABC Private Limited] held on [Date of the board meeting] at [Time of the board meeting] at the registered office of the Company

LOAN TO [XYZ LIMITED] / INVESTMENT IN THE SECURITIES OF [XYZ LIMITED]

The Chairman placed before the Board a proposal to [grant a loan of Rs ____ to / give a corporate guarantee of Rs ____ in respect of the credit facilities availed by / acquire ____ equity shares of Rs ____ each of] [XYZ Limited]. He placed before the Board a computation of the limits specified in Section 186(2) of the Companies Act, 2013 based on the audited financial statements of the Company as at [31.03.20__], from which it appeared that the aggregate of the loans given, guarantees given, securities provided and investments made by the Company, together with the proposed transaction, amounts to [Rs ____] and is within the limit of [Section 186(2) limit applicable (Rs)], being the higher of sixty per cent of the paid-up share capital, free reserves and securities premium account and one hundred per cent of the free reserves and securities premium account. He further placed before the Board a print of the prevailing yield of the Government security closest to the tenor of the proposed loan as on [Date of the Government security yield used for comparison].