The Board of Directors of a Company in their meeting may pass the following resolution to purchase a car for the company use. Board Resolution for Car Loan format
"RESOLVED THAT the consent of the Board of Directors be and is hereby accorded to purchase a car
as per proforma invoice tabled before the Board.
RESOLVED FURTHER THAT the car be availed on finance from __ Bank which shall be in the range of Rs. ___ to Rs. ___ .
RESOLVED FURTHER THAT Mr. Gol Hal, Director be and is hereby authorised on beahlf of the Board to sign and execute all the necessary documents as may be required to get the finance to
purchase the car and common seal of the Company be affixed in presence of Ms. Biti Oka, Director who will sign the same in token thereof."