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Increase in Interest rate

namrata (company secretary ) (422 Points)

10 January 2011

Dear freainds

can anyone one provide me with Board resolution for increase/Revision in Lending Rate of Interest.

Regards

Namrata

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4 Replies

Chirag (CA) (33 Points)
Replied 10 January 2011

HI,

PLEASE KEEP THIS FORUM ALIVE FOR HEALTHY PROFESSIONAL DISCUSSIONS..

THANKS

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namrata (company secretary ) (422 Points)
Replied 10 January 2011

Hello Sir,

I completly agree with you , but believe me i never post here request for resolution formats unless and until it is of such nature which i am not able to prepare. I always first draft it myself and then to reconcile my lang,i post here my request. I dont have the habit of spoon feeding.

Thanks for your valuable suggestion which i respect.

Regards

Namrata

Jaideep (Service) (1368 Points)
Replied 10 January 2011

Hi, Namrata,

Take the resolution passed earlierone and just modify the interest rate by adding suitable words and also mention preamble for the resolution in minutes.

you can use:

Pursuant to resolution passed by...............dated.........., Company do hereby charge increased interest rate @ .............. for the loan gven.............

or any thing like...

its internal matter.

"...Assuming normal case..."

Regards

Jaideep Pandya