Shareholders’ Resolution – Approving Loan to a Director

Document Summary

This is a shareholders’ resolution, accepting the loan request of a director.

The resolution outlines the date of granting the loan, the repayment date of the loan, and records the decision to execute a loan agreement between the company and the director.

Description

The resolution must fulfil all provisions mentioned in the memorandum of association.

The resolution shall comply with the laws and regulations of the company’s law.

The company and the director shall execute an agreement of the terms and conditions of this loan request.

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.