Ƶ

Board Resolution For Loan To Director for United Arab Emirates

Board Resolution For Loan To Director Template for United Arab Emirates

A formal corporate document drafted under UAE law, specifically compliant with Federal Law No. 32 of 2021, that records the board's resolution to approve a loan to a company director. This document details the terms and conditions of the loan, includes necessary declarations of interest, confirms compliance with UAE corporate governance requirements, and provides authorization for the loan's execution. It serves as official evidence of proper corporate approval and includes essential elements such as meeting details, voting records, and specific loan terms, ensuring transparency and regulatory compliance in the UAE jurisdiction.

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.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Board Resolution For Loan To Director

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Board Resolution For Loan To Director?

The Board Resolution For Loan To Director is a crucial corporate governance document used in the United Arab Emirates when a company intends to provide a loan to one of its directors. This document is essential for compliance with UAE Federal Law No. 32 of 2021 (Commercial Companies Law) and related corporate governance regulations. It must be prepared when a director requires a loan from the company, regardless of the loan's purpose. The resolution includes detailed information about the loan terms, declarations of interest, confirmation of regulatory compliance, and formal board approval. It serves as official evidence that proper corporate procedures were followed and that the transaction was conducted transparently and in accordance with UAE law. This document is particularly important for maintaining corporate governance standards and protecting both the company's and shareholders' interests.

What sections should be included in a Board Resolution For Loan To Director?

1. Meeting Details: Date, time, location of board meeting, and attendance details including quorum confirmation

2. Background: Context of the loan request, purpose, and relationship of the director to the company

3. Declarations: Confirmation of director's disclosure of interest and abstention from voting on the matter

4. Legal Compliance Statement: Statement confirming compliance with UAE Commercial Companies Law and other relevant regulations

5. Resolution Details: Specific terms of the approved loan including amount, interest rate, repayment terms

6. Board Authorization: Formal approval of the loan and authorization of specific officers to execute loan documents

7. Voting Results: Record of how the board voted on the resolution

8. Signature Block: Space for Chairman/Secretary signatures and company seal

What sections are optional to include in a Board Resolution For Loan To Director?

1. Security Arrangements: Include when the loan is to be secured by specific assets or guarantees

2. Related Party Transaction Disclosure: Required for public companies or when the loan amount exceeds certain thresholds

3. Shareholder Approval Reference: Include when shareholder approval has been obtained or is required

4. Risk Assessment: Include when required by company policy or for significant loan amounts

5. Regulatory Notifications: Include when specific regulatory bodies need to be notified of the loan

What schedules should be included in a Board Resolution For Loan To Director?

1. Loan Terms Schedule: Detailed terms and conditions of the loan including repayment schedule

2. Director's Disclosure Form: Official form declaring the director's interest and loan purpose

3. Security Details: If applicable, details of any security or collateral for the loan

4. Company's Financial Position Statement: Current financial statement showing company's ability to provide the loan

5. Legal Compliance Checklist: Checklist confirming compliance with relevant UAE laws and regulations

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Publisher

Ƶ

Document Type

Board Resolution

Cost

Free to use
Relevant legal definitions

























Clauses




















Relevant Industries

Banking & Financial Services

Real Estate & Construction

Technology & Communications

Manufacturing & Industrial

Retail & Consumer Goods

Healthcare & Pharmaceuticals

Energy & Resources

Professional Services

Transport & Logistics

Hospitality & Tourism

Relevant Teams

Legal

Corporate Governance

Board Secretariat

Finance

Compliance

Risk Management

Corporate Affairs

Executive Office

Relevant Roles

Chief Executive Officer

Company Director

Board Chairman

Company Secretary

Chief Financial Officer

Legal Counsel

Corporate Governance Officer

Compliance Manager

Board Member

Finance Director

Corporate Secretary

Risk Manager

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Board Resolution For Redemption Of Debentures

A UAE-compliant board resolution authorizing and detailing the terms for redeeming company debentures, aligned with UAE Commercial Companies Law and SCA regulations.

find out more

Board Resolution For Incorporation Of Foreign Subsidiary

A formal board resolution authorizing and detailing the establishment of a subsidiary entity in the UAE, in compliance with UAE Commercial Companies Law.

find out more

Corporate Resolution Form

A UAE-compliant formal document recording corporate decisions made by a company's board of directors or shareholders, governed by UAE Federal Law No. 32 of 2021.

find out more

First Board Resolution

A formal document recording initial board decisions and appointments under UAE law, establishing foundational corporate governance structures and operational framework.

find out more

Board Written Resolution

A UAE-compliant formal document recording board decisions made without a physical meeting, governed by Federal Law No. 32 of 2021.

find out more

Board Resolution For Share Purchase Agreement

A UAE-compliant board resolution authorizing and approving a share purchase transaction, including terms, conditions, and necessary authorizations.

find out more

Board Resolution For Satisfaction Of Charge

A UAE corporate document recording the board's resolution to discharge a registered charge following satisfaction of secured obligations.

find out more

Board Resolution For One Person Company

A formal document recording decisions made by the sole shareholder-director of a One Person Company under UAE law, serving as official evidence of corporate actions and decisions.

find out more

Board Resolution For Incorporation Of A Subsidiary Company

A UAE board resolution authorizing and detailing the establishment of a new subsidiary company, compliant with UAE Commercial Companies Law.

find out more

Board Resolution For Director Resignation

A UAE-compliant board resolution document that formally records and accepts a director's resignation, ensuring adherence to local corporate law requirements.

find out more

Board Resolution For Demat Account Opening

A UAE-compliant board resolution authorizing the opening and operation of a demat account for electronic securities trading and management.

find out more

Board Resolution For Change In Shareholding Pattern

UAE board resolution documenting and approving changes in company shareholding structure, compliant with Federal Law No. 32 of 2021.

find out more

Board Resolution For Appointment Of Legal Representative

A UAE-compliant board resolution documenting the formal appointment of a company's legal representative and their scope of authority.

find out more

Board Resolution Change Of Directors

A UAE-compliant board resolution document that formally records and implements changes in company directorship under UAE Commercial Companies Law.

find out more

Board Resolution Change Of Address

A UAE corporate document recording the board's formal approval of a company address change, compliant with UAE Federal Companies Law and local regulations.

find out more

Appointing A Director By Ordinary Resolution

UAE-governed ordinary resolution document for the formal appointment of a company director, compliant with Federal Law No. 32 of 2021.

find out more

Board Resolution To Open Bank Account

A UAE-compliant corporate document authorizing the opening and operation of a company bank account, designating authorized signatories and their powers.

find out more

Corporate Resolution Signing Authority

A UAE-compliant corporate resolution that delegates and documents signing authority to designated individuals within an organization, specifying their powers and limitations.

find out more

Special Board Resolution

A formal corporate document used in the UAE to record significant board decisions requiring special documentation under UAE law and regulatory requirements.

find out more

Resolution To Add Signatory To Bank Account

A UAE-law governed corporate resolution authorizing the addition of a new signatory to company bank account(s), complying with UAE banking and corporate regulations.

find out more

Directors Resolution For Dividends

A UAE corporate document recording the board's formal decision to distribute company profits to shareholders, complying with UAE Federal corporate laws.

find out more

Board Resolution For Appointment Of Corporate Representative

A UAE-compliant board resolution document that formally appoints and authorizes a corporate representative to act on behalf of a company.

find out more

Board Resolution For AGM

A UAE-compliant board resolution authorizing and setting parameters for the Annual General Meeting, including key decisions and statutory requirements.

find out more

Board Resolution To Change Registered Agent

A UAE board resolution documenting the formal decision to change the company's registered agent and authorizing implementation actions.

find out more

Board Resolution For Working Capital Loan

A UAE-compliant board resolution authorizing the company to obtain a working capital loan and appointing authorized signatories for loan documentation.

find out more

Board Resolution For Private Limited Company

A formal document recording board decisions for UAE private limited companies, compliant with UAE Federal Law No. 32 of 2021 and relevant corporate governance requirements.

find out more

Board Resolution For Opening A Branch Office

A UAE-compliant board resolution authorizing and detailing the establishment of a company branch office in the United Arab Emirates.

find out more

Board Resolution For Increase In Authorised Share Capital

A UAE-compliant board resolution documenting the formal approval and implementation of an increase in a company's authorized share capital.

find out more

Board Resolution For Incorporation Of Company

A UAE-compliant board resolution document that formally authorizes and outlines the establishment of a new company, including key incorporation details and delegations of authority.

find out more

Board Resolution For Digital Signature

A UAE-compliant board resolution authorizing and establishing the framework for digital signature usage within an organization.

find out more

Board Resolution For Closure Of Business

A UAE-compliant board resolution document authorizing and detailing the closure of business operations and company dissolution procedures.

find out more

Board Resolution For Change Of Financial Year

A UAE corporate governance document formalizing a board decision to change the company's financial year period, in compliance with UAE Federal laws and regulations.

find out more

Appointment Of Auditor Board Resolution

A UAE-compliant board resolution document formalizing the appointment of an external auditor, including appointment terms and regulatory compliance requirements.

find out more

Resolution To Change Bank Signatories

A UAE-compliant corporate resolution document authorizing changes to company bank account signatories, including signatory powers and transaction limits.

find out more

Board Resolution For Subscribing Shares Of Other Company

A UAE-compliant board resolution documenting the approval and terms for subscribing to shares in another company, as per UAE Federal Law No. 32 of 2021.

find out more

Board Resolution For Sale Of Company

A UAE-law governed board resolution authorizing and documenting the formal approval for the sale of a company, including key terms and delegated authorities.

find out more

Board Resolution For Partnership

A formal resolution by a company's board of directors authorizing and detailing a partnership arrangement under UAE law.

find out more

Board Resolution For Issue Of Shares

A UAE-compliant board resolution authorizing and documenting the issuance of new company shares.

find out more

Board Resolution For Buy Back Of Shares

A UAE-compliant board resolution authorizing and detailing the terms and conditions for a corporate share buyback program, including implementation authorities and regulatory compliance confirmations.

find out more

Board Resolution For Borrowing

A UAE-compliant corporate resolution authorizing company borrowing, specifying approved amounts, terms, and authorized signatories.

find out more
See more related templates

ұԾ’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; ұԾ’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