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Request fore disbursement of Term Loan

This query is : Resolved 
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(Querist)
25 January 2010 Hi!
Experts,

Sir, Sir plz tell me whether we need to pass any resolution at any meeting when we make a request to a Credit agency for the disbursement of term loan?

Regards,
Saurabh
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Ankur Garg

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Ankur Garg (Expert)
25 January 2010 YES

U have to pass a resolution at the board meeting considering the proposal for making a request to a Credit agency for the disbursement of term loan.

Regards
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CA Pramod Jain

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CA Pramod Jain (Expert)
25 January 2010 ya for accepting the term loan quoting the amt, bank and terms also the directors who will sign the loan docs
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