Board resolution, loan to a person in whom a director is interested, subject to a special resolution
A single format from the Loans to Directors, Section 185 pack. s.185(2), s.186(5).
- 2 pages
- 22
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, loan to a person in whom a director is interested, subject to a special resolutions.185(2), s.186(5)
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The first part of the format, as it downloads. Blanks are highlighted.
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]
LOAN TO [XYZ PRIVATE LIMITED] UNDER SECTION 185(2)
The Chairman informed the Board that [XYZ Private Limited] has requested a loan of [Rs ____ (Rupees ____ only)] for the purpose of [stating the principal business activity for which the loan is to be utilised]. He further informed the Board that [Interested director's name], a Director of the Company, is [a director / a member] of [XYZ Private Limited], and that the said company is accordingly a person in whom a Director of the Company is interested within the meaning of the Explanation to Section 185 of the Companies Act, 2013. The loan may therefore be advanced only after the Members have approved it by a special resolution and on the condition that it is utilised by the borrowing company for its principal business activities.