The Board of Directors of Ground Support Pvt Ltd resolved to:
1) Accept an offer from LC discounting company for a bill discounting limit of Rs. 1,00,00,000 backed by a letter of credit, subject to the terms in the sanction letter dated 10th April 2013.
2) Authorize Mr. ___ and Mr. ___ to convey acceptance of the offer and terms to LC discounting company on behalf of the company.
3) Authorize Mr. ___ and Mr. ___ to sign agreements and documents required by LC discounting company to avail the financing facility.
The Board of Directors of Ground Support Pvt Ltd resolved to:
1) Accept an offer from LC discounting company for a bill discounting limit of Rs. 1,00,00,000 backed by a letter of credit, subject to the terms in the sanction letter dated 10th April 2013.
2) Authorize Mr. ___ and Mr. ___ to convey acceptance of the offer and terms to LC discounting company on behalf of the company.
3) Authorize Mr. ___ and Mr. ___ to sign agreements and documents required by LC discounting company to avail the financing facility.
The Board of Directors of Ground Support Pvt Ltd resolved to:
1) Accept an offer from LC discounting company for a bill discounting limit of Rs. 1,00,00,000 backed by a letter of credit, subject to the terms in the sanction letter dated 10th April 2013.
2) Authorize Mr. ___ and Mr. ___ to convey acceptance of the offer and terms to LC discounting company on behalf of the company.
3) Authorize Mr. ___ and Mr. ___ to sign agreements and documents required by LC discounting company to avail the financing facility.
Extract of the Resolutions passed at a meeting of the Board of Directors of M/s
Ground Support Pvt Ltd held on 15
th April 2013 at Navi Mumbai Office RESOLVED
THAT the Company do accept the offer made by LC discounting company, to the company for Bill Discounting limit backed by Letter of credit of Rs. 1,00,00,000 (Rupees Hundred Lacs Only) (hereinafter referred to as the said limit) on the terms and conditions contained in the sanction letter dated 10 th April 2013 issued by LC discounting company;
THAT the following Authorised Signatory(s)/Constituted Attorney(s), namely
1) Mr
2) Mr
be and are hereby authorised individually and/or severally :-
(A) To convey to LC discounting company acceptance on behalf of the company of the said offer for granting the said limit on the terms and conditions contained in their sanction letter dated 10 th April 2013, and accept any changes and modifications in the said terms and conditions as may be suggested and acceptable to LC discounting company from time to time.
(B) To execute such agreements, deeds, undertakings, instruments, other document and to issue such certificates, statements, declarations, receipts, and other writings whatsoever as may be required by LC discounting company and generally to do on behalf of the company all & such other acts, deeds and things from time to time as may be required by LC discounting company.
(C) To accept, confirm and sign the balance confirmations, acknowledgment(s) of debt and securities and such other letters which the company may be required to sign from time to time in connection with the aforesaid limit.
(D) To authorise some any other person to sign on the operational documents required for availing the facility like invoices, LR, Challan, request letter etc.
THAT the Common Seal of the Company be affixed on all the documents required to do so in the presence of any of the Directors namely Shri or Shri who shall sign the same in token thereof and Shri, Director shall counter sign the same in terms of Memorandum and Articles of Association of the company.
THAT any of the following Authorised Signatory(s)/Constituted Attorney(s) acting individually and / or jointly.
1) Mr J 2) Mr
be and are hereby authorised to operate all Bank accounts and to sign on the cheques on behalf of the Company.
Copy of the foregoing resolutions certified to be true by Director/Managing Director/ Secretary/Authorised Signatory(s)/Constituted Attorney(s) of the company be furnished to the LC discounting company and they be requested to act thereon.
Certified True Copy For M/s Ground Support Pvt Ltd