A Board Resolution For Giving Loan To Other Company is a crucial corporate governance document required under Malaysian law when a company intends to provide financial assistance to another entity. This document is essential for compliance with the Companies Act 2016 and demonstrates proper corporate decision-making processes. It is typically used when companies within a group or business partners require formal documentation of loan approval, containing details of the loan amount, terms, interest rates, and repayment conditions. The resolution must be properly executed in accordance with Malaysian corporate law requirements and should include appropriate declarations of directors' interests and confirmation of the company's authority to provide such loans.
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1. Title and Date: Formal title of the resolution and date of the board meeting
2. Company Details: Full legal name and registration number of the company passing the resolution
3. Attendees: List of directors present at the meeting and confirmation of quorum
4. Chairperson: Designation of the chairperson for the meeting
5. Background: Context of the proposed loan, including business rationale and relationship with borrower
6. Declarations of Interest: Directors' declarations of any interests in the proposed transaction
7. Consideration of Documents: List of documents reviewed by the board in making their decision
8. Main Resolution: The formal resolution text approving the loan, including key terms
9. Loan Details: Specific terms including amount, interest rate, repayment period, and security
10. Authorization: Authorization for specific officers to execute loan documents
11. Closing: Formal closing of the resolution with chairman's signature
1. Compliance Statement: Statement confirming compliance with relevant laws and regulations - used when dealing with regulated entities
2. Related Party Transaction Details: Additional disclosures if the borrower is a related party
3. Security Arrangements: Details of any collateral or security - used when the loan is secured
4. Special Conditions: Any special conditions or covenants - used for complex loan arrangements
5. Corporate Benefit Statement: Explicit statement of benefit to the company - used for significant loan amounts
1. Schedule 1 - Loan Terms Sheet: Detailed terms and conditions of the loan
2. Schedule 2 - Form of Loan Agreement: Draft or final form of the loan agreement to be executed
3. Schedule 3 - Financial Assessment: Analysis of borrower's financial position and repayment capacity
4. Appendix A - Supporting Documents: List of reviewed documents including borrower's financial statements
5. Appendix B - Directors' Attendance Record: Detailed record of directors' attendance and voting
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Corporate Services
Banking
Investment
Manufacturing
Real Estate
Technology
Retail
Construction
Healthcare
Energy
Telecommunications
Relevant Teams
Legal
Finance
Corporate Secretarial
Compliance
Risk Management
Treasury
Corporate Governance
Internal Audit
Executive Management
Relevant Roles
Board Director
Company Secretary
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Corporate Lawyer
Finance Director
Compliance Officer
Treasury Manager
Risk Manager
Corporate Governance Officer
Financial Controller
Board Chairman
Managing Director
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