Single format · FV08-D7-2

Board resolution for creating security and guarantees for ECB

A single format from the Security and Guarantees for ECB pack. ss.179(3), 180(1)(a), 77 · Para 11 Schedule I · Guarantees Regs 2026.

Length
2 pages
Blanks to fill
22
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Board resolution for creating security and guarantees for ECBss.179(3), 180(1)(a), 77 · Para 11 Schedule I · Guarantees Regs 202622 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]

CREATION OF SECURITY FOR EXTERNAL COMMERCIAL BORROWING

"RESOLVED THAT pursuant to sections 179(3) and 77 and other applicable provisions of the Companies Act, 2013 and the rules made thereunder, [and subject to the approval of the members by special resolution under section 180(1)(a) of the Companies Act, 2013], para 11 of Schedule I to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018, as substituted with effect from 16.02.2026, and the Articles of Association, consent of the Board be and is hereby accorded to the Company creating the following security in favour of [Name of lender] / [Name of security trustee], acting as security trustee for the lender(s), to secure the external commercial borrowing of [currency and amount] together with interest, costs and other monies payable ("the ECB"):

6 more paragraphs and tables follow in the full format.

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