Board Resolutions where a Company is Borrowing

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Ksh. 3000.00

Board Resolutions where a Company is Borrowing

These Board Resolutions are applicable where the company is borrowing or taking out a loan and creating a security to secure the borrowing. The Articles of Association of the company must allow for such external borrowing. The resolutions are crucial documents and must be submitted to the lending institution.

The resolutions should be printed out on a company’s letterhead and should be signed by directors present during the said meeting.

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