[COMPANY NAME]  CIN: [__________]

EXTRACT FROM THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS HELD ON [__/__/____]

Item: Registration on a Trade Receivables Discounting System (TReDS) platform

“RESOLVED THAT approval be and is hereby accorded for the Company to register as a [buyer / seller] on [name of platform], a TReDS platform authorised by the Reserve Bank of India, and to enter into the participation agreement and the related documents with its operator.

RESOLVED FURTHER THAT Mr/Ms [Name, designation] be and is hereby authorised as the principal administrator, and Mr/Ms [Name, designation] and Mr/Ms [Name, designation] as authorised users, [to upload invoices / to accept or reject invoices / to approve settlement] on the platform, within the limits of authority recorded in the Company’s delegation of authority.

RESOLVED FURTHER THAT the payment of amounts accepted on the platform on their due dates be treated as payments to the respective micro and small enterprise suppliers, and that the Finance Head maintain a reconciliation of platform settlements to the books of account.

RESOLVED FURTHER THAT any Director or the Company Secretary be authorised to submit KYC documents, certified copies of this resolution and any other documents the operator requires.”

Certified true copy.  For [Company Name]  [Name, Designation, DIN/Membership No.]  Date: [__]  Place: [__]