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CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY NAME] HELD ON [DATE] AT [TIME] AT THE REGISTERED OFFICE OF THE COMPANY.

ITEM: APPROVAL FOR AVAILING CREDIT FACILITIES AND CREATION OF CHARGE

"RESOLVED THAT pursuant to the provisions of Section 179(3) and other applicable provisions, if any, of the Companies Act, 2013, the consent of the Board of Directors of the Company be and is hereby accorded to borrow and avail various Credit Facilities to the extent of Rs. [Amount] ([Amount in words]) from ABC BANK of India (the "Bank"), [Branch Name], on the terms and conditions as stipulated in the Sanction Letter bearing No. [Reference No.] dated [Date], a copy of which was placed before the Board and initialed by the Chairman for the purpose of identification.

RESOLVED FURTHER THAT the drafts of the Security Documents, including but not limited to the Loan Agreement, Deed of Hypothecation, and Guarantee Agreements, as required by the Bank and placed before the Board, be and are hereby approved.

RESOLVED FURTHER THAT Mr. [Name], Director, and Mr. [Name], Director, be and are hereby jointly and severally authorized to settle, finalize, and execute the said security documents and such other deeds, electronic forms, or undertakings as may be required by the Bank to give effect to this resolution.

RESOLVED FURTHER THAT the Company do create a mortgage by way of Constructive/Equitable Delivery of Title Deeds of the Company’s immovable property situated at [Full Address of Property] in favor of the Bank, to secure the repayment of the said facilities together with interest, compound interest, costs, and other charges.

RESOLVED FURTHER THAT the Common Seal of the Company, if required, be affixed to the stamped engrossment of the legal documents in the presence of Mr. [Name] and Mr. [Name], Directors, who shall sign the same in token thereof [and Mr. (Name), Company Secretary].

RESOLVED FURTHER THAT for the purpose of creating the said mortgage, Mr. [Name], Director, be and is hereby authorized to attend the office of the Bank and deliver the original Title Deeds of the property with the intent to create security thereon.

RESOLVED FURTHER THAT any Director of the Company or the Company Secretary be and is hereby authorized to file the necessary Form CHG-1 with the Registrar of Companies (ROC) within the statutory timeline and to do all such acts, deeds, and things as may be necessary to perfect the charge created in favor of the Bank.

RESOLVED FURTHER THAT a certified true copy of this resolution, signed by any Director of the Company, be furnished to the Bank with a request to act thereon."