Board minutes for the approval of a company’s entry into loan and security documents
Board minutes for the approval of a company’s entry into loan and security documents

The following Banking & Finance precedent provides comprehensive and up to date legal information covering:

  • Board minutes for the approval of a company’s entry into loan and security documents

COMPANY NUMBER: [insert company number]

[insert company name] [LIMITED OR PLC]

Minutes of a meeting of the board of directors (the Meeting) of [insert full name of company] (the Company)

Held at [insert place of meeting]

On [insert day, month and year of meeting] at [insert time of meeting] [am OR pm]

Present:[insert name of director to be chairperson] (Chairperson)
[insert names of directors who are physically present]
[[insert names of any directors present by telephone as permitted by the Company’s articles of association] (by telephone)]
[[insert names of any directors present by other means permitted by the Company’s articles of association] (by [insert other means]]
[In attendance:][[insert names of those in attendance, who do not count towards the quorum (eg the company secretary, any legal advisers) (if any)]]
[Apologies:][[insert names of directors who are unable to attend meeting (if any)]]
    1. 1

      [Notice and quorum

      [insert name] was appointed Chairperson of the Meeting. It was reported that proper notice of the Meeting had been given in accordance with the Company’s articles of association (the Articles) and that a quorum was present. Accordingly, the Chairperson declared the meeting open.]

    1. 2

      [Business of the Meeting

      The Chairperson reported that the purpose of the Meeting was to [approve OR ratify] the Company’s entry into [a OR certain] document[s].]

    1. 3

      [Declaration of interests

      1. 3.1

        [The Chairperson drew the attention of the Meeting to:

        1. 3.1.1

          [a

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