A Board Resolution For Giving Loan To Other Company is a crucial corporate governance document required under South African law when one company intends to provide financial assistance to another company. This type of resolution is mandatory under the Companies Act 71 of 2008 and must be properly documented to ensure legal compliance and protect director liability. The document is typically used when companies within a group structure, or independent companies with business relationships, engage in lending transactions. It must include specific elements such as confirmation of the solvency and liquidity test, detailed loan terms, and proper authorizations. The resolution serves as evidence that the board has properly considered and approved the loan in accordance with South African legal requirements, making it essential for corporate record-keeping and regulatory compliance.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Header Information: Company name, registration number, and date of resolution
2. Meeting Details: Date, time, location/mode of meeting, and confirmation of quorum
3. Attendance Record: List of directors present and absent, including whether attendance was in person or virtual
4. Background: Context of the proposed loan, including business rationale and relationship with borrowing company
5. Declarations of Interest: Directors' declarations of any personal interest in the transaction as required by Companies Act
6. Financial Assessment: Confirmation that the company has conducted solvency and liquidity tests as required by Section 45 of Companies Act
7. Resolution Details: Specific terms of the approved loan including amount, interest rate, and repayment terms
8. Compliance Statement: Confirmation of compliance with relevant sections of Companies Act and company's MOI
9. Authorization: Specific authorization of designated officers to execute loan documentation
10. Certification: Certification by chairperson or company secretary that resolution was duly passed
1. Special Conditions: Any special conditions or restrictions on the loan, used when there are specific requirements or risk mitigation measures
2. Security Arrangements: Details of any security or collateral required, included when loan is secured
3. Related Party Provisions: Additional provisions required for related party transactions, used when borrower is a related entity
4. Shareholder Approval: Reference to shareholder approval if required under Companies Act or MOI, included for certain large transactions
5. Foreign Exchange Considerations: Special provisions for cross-border loans, included when borrower is foreign entity
1. Loan Terms Schedule: Detailed terms and conditions of the loan including payment schedule
2. Security Details: Comprehensive list and description of any security or collateral provided
3. Financial Statements: Relevant financial statements supporting solvency and liquidity test
4. Corporate Information: Details of borrowing company including registration documents and directors
5. Required Approvals: Copies of any required regulatory or third-party approvals
Relevant legal definitions
Act
Board
Borrower
Business Day
Company
Companies Act
Directors
Financial Assistance
Financial Year
Group
Interest Rate
Lender
Loan
Loan Agreement
Material Adverse Effect
MOI
Repayment Date
Resolution
Security
Shareholders
Solvency and Liquidity Test
Special Resolution
Subsidiary
Term
Transaction Documents
Board
Borrower
Business Day
Company
Companies Act
Directors
Financial Assistance
Financial Year
Group
Interest Rate
Lender
Loan
Loan Agreement
Material Adverse Effect
MOI
Repayment Date
Resolution
Security
Shareholders
Solvency and Liquidity Test
Special Resolution
Subsidiary
Term
Transaction Documents
Clauses
Meeting Details
Attendance
Quorum
Notice
Directors' Interests
Financial Assessment
Solvency and Liquidity Test
Loan Terms
Security Arrangements
Statutory Compliance
Authorization
Execution Powers
Company Benefits
Risk Assessment
Related Party Provisions
Document Registration
Regulatory Compliance
Record Keeping
Certification
Implementation
Attendance
Quorum
Notice
Directors' Interests
Financial Assessment
Solvency and Liquidity Test
Loan Terms
Security Arrangements
Statutory Compliance
Authorization
Execution Powers
Company Benefits
Risk Assessment
Related Party Provisions
Document Registration
Regulatory Compliance
Record Keeping
Certification
Implementation
Relevant Industries
Financial Services
Manufacturing
Mining
Retail
Technology
Real Estate
Agriculture
Healthcare
Energy
Telecommunications
Construction
Professional Services
Transport and Logistics
Hospitality
Relevant Teams
Legal
Finance
Corporate Governance
Treasury
Compliance
Risk Management
Company Secretariat
Corporate Finance
Board Support
Executive Management
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Company Secretary
Legal Counsel
Corporate Governance Officer
Finance Director
Board Chairman
Non-Executive Director
Treasury Manager
Compliance Officer
Risk Manager
Financial Controller
Corporate Finance Manager
Legal Director
Group Financial Manager
Find the exact document you need
Resolution To Open Bank Account
A South African corporate resolution authorizing the opening and operation of a bank account, designating signatories and banking powers.
find out more
Authorised Signatory Resolution
A South African corporate resolution document that officially appoints and defines the powers of authorized signatories for a company.
find out more
Board Resolution For Increase In Salary Of Director
A South African board resolution document that formally approves and records a director's salary increase in compliance with local company law.
find out more
Board Resolution For Tender Participation
A South African corporate governance document authorizing company participation in tender processes and delegating related powers to specified individuals.
find out more
Board Resolution For Giving Loan To Other Company
A formal board resolution under South African law authorizing an inter-company loan, including loan terms and statutory compliance confirmations.
find out more
Board Resolution For Appointment Of Director In Private Company
A South African law-compliant board resolution document that formally records the appointment of a new director to a private company's board.
find out more
Board Resolution For Applying Loan From Bank
A South African corporate resolution authorizing the company to apply for and obtain a bank loan, including specific approvals and authorizations required under local law.
find out more
Board Resolution For Forfeiture Of Shares
A South African board resolution document authorizing the forfeiture of shares from a defaulting shareholder, in compliance with the Companies Act 71 of 2008.
find out more
Board Resolution For Dormant Company
A South African board resolution document confirming and recording a company's dormant status under the Companies Act.
find out more
Special Resolution For Taking Loan
A South African company document recording shareholders' special resolution to approve and authorize a significant loan transaction, required under the Companies Act 71 of 2008.
find out more
Resolution For Appointment Of New Trustee
A South African legal document recording the formal appointment of a new trustee to an existing trust, requiring Master of High Court approval.
find out more
Board Resolution For Subscription Of Shares
A South African board resolution document authorizing and approving the issuance of new shares to specified subscribers.
find out more
Special Resolution Of Directors
A formal South African corporate document recording major board decisions requiring special resolution status under the Companies Act 71 of 2008.
find out more
Board Resolution For Funding
A South African corporate document recording board approval for company funding arrangements, compliant with the Companies Act and corporate governance requirements.
find out more
Board Resolution For Change In Shareholding Pattern
A South African board resolution document that formally approves and records changes in company shareholding structure, compliant with Companies Act requirements.
find out more
Board Resolution For Appointment Of Legal Representative
A South African corporate document recording the board's formal resolution to appoint a legal representative with specified powers to act on behalf of the company.
find out more
Board Resolution Change Of Directors
A South African board resolution documenting changes in company directorship, compliant with Companies Act 71 of 2008 and CIPC requirements.
find out more
Board Resolution Change Of Address
A South African board resolution document that formally approves and records a change in a company's registered address, complying with Companies Act requirements.
find out more
Directors Resolution For Dividends
A South African corporate resolution documenting the board's decision to declare dividends, including payment details and statutory compliance confirmations.
find out more
Change Of Directors Resolution
A South African corporate resolution document that formally records and implements changes to a company's board of directors, in compliance with the Companies Act.
find out more
Board Resolution For Private Limited Company
A formal document under South African law recording decisions made by a private company's board of directors during an official board meeting.
find out more
Board Resolution For Joint Venture
A formal board resolution under South African law documenting the board's approval and authorization of a joint venture arrangement, including key terms and delegated authorities.
find out more
Board Resolution For Declaration Of Dividend
A South African corporate resolution documenting the board's decision to declare and pay dividends to shareholders, ensuring compliance with Companies Act requirements.
find out more
Board Resolution For Closure Of Business
A South African corporate resolution document recording the board's formal decision to close business operations, including implementation plans and compliance requirements.
find out more
Appointment Of Auditor Resolution
A South African corporate resolution document that formally appoints an external auditor in compliance with the Companies Act and relevant regulations.
find out more
Resolution To Appoint A Director
A formal corporate resolution under South African law documenting the appointment of a new director to a company's board of directors.
find out more
Board Resolution For Sale Of Company
A South African corporate resolution documenting board approval and authorization for the sale of a company, in compliance with the Companies Act 71 of 2008.
find out more
Board Resolution For Partnership
A South African corporate governance document recording board decisions and authorizations regarding partnership arrangements, compliant with local company law.
find out more
Board Resolution For Issue Of Shares
A South African corporate document recording the board's formal decision to issue new shares, complying with Companies Act 71 of 2008 requirements.
find out more
Board Resolution For Dissolution Of Committee
A South African corporate resolution documenting the board's decision to dissolve a committee, in compliance with the Companies Act and corporate governance requirements.
find out more
Board Resolution For Buy Back Of Shares
A South African board resolution authorizing a company's repurchase of its own shares, complying with Companies Act requirements and corporate governance standards.
find out more
Board Resolution For Approval Of Annual Budget
A South African board resolution document for formal approval of a company's annual budget, compliant with local corporate law and governance requirements.
find out more
Board Resolution For Appointment Of Compliance Officer
A South African board resolution document formalizing the appointment of a Compliance Officer and defining their role and responsibilities.
find out more
Board Resolution For Acquisition Of Shares
A South African corporate document recording the board's formal authorization for a share acquisition, compliant with the Companies Act 71 of 2008.
find out more
Board Resolution Approving Sale Of Shares
A South African corporate document recording board approval for the transfer of company shares, compliant with Companies Act 71 of 2008.
find out more
Board Resolution Appointing Corporate Secretary
A South African board resolution document formalizing the appointment of a Company Secretary in accordance with the Companies Act 71 of 2008.
find out more
Allotment Of Shares Board Resolution
A formal board resolution under South African law documenting the approval and terms of new share issuance to specified recipients.
find out more
Unanimous Resolution Of The Board
A South African board resolution document recording unanimous decisions made by all company directors under the Companies Act 71 of 2008.
find out more
Resolution To Open Bank Account For Association
A South African legal document authorizing the opening and operation of a bank account for an association, specifying account parameters and authorized signatories.
find out more
Resolution Appointing New Board Members
A South African corporate resolution document recording the formal appointment of new directors to a company's board, in compliance with the Companies Act 71 of 2008.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)