Single format · FV08-D5-1

Board resolution approving an external commercial borrowing

A single format from the Obtaining the LRN, Form ECB 1 pack. s.179(3)(c)/(d) · Schedule I, B&L Regulations 2018.

Length
3 pages
Blanks to fill
36
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Board resolution approving an external commercial borrowings.179(3)(c)/(d) · Schedule I, B&L Regulations 201836 blanks

Read the opening

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 [Name of the company] held on [DD.MM.YYYY] at [place / through video conferencing]

APPROVAL OF EXTERNAL COMMERCIAL BORROWING OF [CURRENCY AND AMOUNT] FROM [NAME OF LENDER]

"RESOLVED THAT pursuant to section 179(3)(d) [and section 179(3)(c)] and other applicable provisions of the Companies Act, 2013 and the rules made thereunder, the Articles of Association of the Company, section 6 of the Foreign Exchange Management Act, 1999, and Schedule I to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018, as substituted by the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026 (Notification No. FEMA 3(R)(5)/2026-RB dated 09.02.2026), [and subject to the approval of the members by special resolution under section 180(1)(c) / 180(1)(a) / 62(3) of the Companies Act, 2013, where applicable], the consent of the Board be and is hereby accorded to the Company raising an external commercial borrowing ("ECB") on the following principal terms:

9 more paragraphs and tables follow in the full format.

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