Board Resolution Approving Declaration of Dividend & Loan

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Board Resolution Approving Declaration of Dividend & Loan

Board Resolution Approving Declaration of Dividend & Loan

{{company_name}} {{company_address}} Phone: {{phone}} Email: {{email}} Website: {{website}}

BOARD RESOLUTION APPROVING DECLARATION OF DIVIDEND & LOAN

1. Preamble

WHEREAS the Company is duly incorporated and operating under the laws of {{country}}.

WHEREAS the Board of Directors deems it fit and proper to declare a dividend to its shareholders.

WHEREAS the Board of Directors also deems it necessary to approve a loan facility, either to or from the Company, for operational or strategic purposes.

NOW, THEREFORE, BE IT RESOLVED, as follows:

2. Dividend Declaration

RESOLVED, that a final dividend of {{dividend_amount}} per ordinary share be and is hereby declared for the financial year ended {{financial_year_end_date}}.

RESOLVED FURTHER, that such dividend be paid to all shareholders registered in the company’s share register as at the close of business on {{record_date}}.

RESOLVED FURTHER, that the dividend payment shall be effected on or before {{payment_date}}.

RESOLVED FURTHER, that {{dividend_payment_method}} be the preferred method of dividend distribution.

RESOLVED FURTHER, that the Company Secretary or any duly authorised Director be and is hereby instructed to take all necessary steps to implement this resolution, including making all necessary statutory filings and notifications.

3. Loan Approval

RESOLVED, that the Company be and is hereby authorised to obtain/grant a loan in the amount of {{loan_amount}} from/to {{lender_borrower_name}}.

RESOLVED FURTHER, that the terms and conditions of the loan, including but not limited to the interest rate of {{interest_rate}}%, repayment schedule of {{repayment_schedule}}, and any collateral requirements, as detailed in the loan agreement dated {{loan_agreement_date}}, be and are hereby approved.

RESOLVED FURTHER, that {{name_of_director_signing_loan}} and/or {{name_of_officer_signing_loan}} be and is/are hereby authorised to execute all necessary documents, including but not limited to the loan agreement and any security documents, on behalf of the Company.

RESOLVED FURTHER, that the Company Secretary or any duly authorised Director be and is hereby instructed to take all necessary steps to implement this resolution and ensure compliance with all legal and regulatory requirements associated with the loan.

4. General Authority

RESOLVED, that any Director or the Company Secretary be and is hereby authorised to do all things and execute all documents as may be necessary or desirable to give effect to these resolutions.

5. Certification

Certified to be a true copy of the resolution passed by the Board of Directors of {{company_name}} at a duly convened meeting held on {{meeting_date}}.

Signature Block

_____________________________

Signature of Chairperson

Name: {{chairperson_name}}

Date: {{signature_date}} _____________________________

Signature of Company Secretary

Name: {{secretary_name}}

Date: {{signature_date}}