“RESOLVED THAT pursuant to the provisions of Section 186 of the Companies Act, 2013, read with the relevant rules thereunder (if applicable), and subject to such approvals, consents, sanctions, and permissions as may be required, the consent of the Board of Directors be and is hereby accorded to provide a corporate guarantee in favor of (Name of Lender) for securing the financial facilities/loan of up to (Amount of Borrowing) availed by (Name of Borrower) from (Name of Lender).
RESOLVED FURTHER THAT the corporate guarantee shall be provided on such terms and conditions as may be mutually agreed upon by the Company and (Name of Lender), and that such guarantee shall remain valid until the fulfillment of all obligations by (Name of Borrower) as per the terms of the financial arrangement / documents executed between (Name of Lender) and (Name of Borrower).
RESOLVED FURTHER THAT [NAME(S) OF AUTHORIZED PERSON(S)], [DESIGNATION], be and is/are hereby authorized to execute, sign, and deliver all necessary documents, agreements, deeds, and other papers as may be required to give effect to this resolution, and to do all such acts, deeds, and things as may be deemed necessary in this regard.
RESOLVED FURTHER THAT a certified true copy of this resolution be furnished to (Name of Lender) and any other authority as may be required.”