Below is the  Board Resolution Approving Declaration Of Dividend & Loantemplate body. If necessary, please put the personal information, company information, such as text to replace the specific content you need. you can download the .doc template file on the end of the article by click download link. 

BOARD RESOLUTION OF [YOUR COMPANY NAME]
APPROVING DECLARATION OF DIVIDEND AND LOAN TO SOLE SHAREHOLDER



The following resolutions, signed by all the directors of [COMPANY NAME] (the Corporation), under the provisions of Section [SPECIFY] of the [COUNTRY] Business Corporations [ACT/LAW/RULE], whereby a resolution in writing signed by all the directors entitled to vote thereon shall be as valid as if it had been adopted at a meeting, are hereby adopted as of [DATE].

DECLARATION OF DIVIDEND

WHEREAS it is desirable to declare and pay a preliminary dividend to the shareholders of the Corporation for the fiscal year ended [DATE];

WHEREAS subsequent dividends may be declared by the directors for the fiscal year ended [DATE];

WHEREAS there exists an agreement between the Corporation and the Government of [COUNTRY] to limit any total dividend of the Corporation in a fiscal year to no more than [PERCENTAGE %] of after-tax profits;
RESOLVED:

THAT an interim dividend of [AMOUNT] [COUNTRY] be, and it is hereby, declared payable on [DATE] on the outstanding shares of the Corporation to shareholders of record on that date relating to after-tax profits for the fiscal year ended [DATE].

LOAN TO SOLE SHAREHOLDER

WHEREAS pursuant to paragraph [SPECIFY]) of the [COUNTRY] Business Corporations [ACT/LAW/RULE], a corporation may give financial assistance by means of a loan, guarantee or otherwise to a holding body corporate if the corporation is a wholly-owned subsidiary of the holding body corporate;

WHEREAS the Corporation is a wholly-owned subsidiary of [COMPANY NAME] ([COMPANY NAME]), its holding body corporate;

WHEREAS it is in the best interest of the Corporation to lend [COMPANY NAME] [AMOUNT] [COUNTRY] for a term of [NUMBER] months with interest payable at maturity at the annual rate of [PERCENTAGE %], which loan shall be secured by a promissory note;

RESOLVED:

THAT the Corporation be and it is hereby authorized to lend [COMPANY NAME] [AMOUNT] [COUNTRY] for a term of [NUMBER] months, coming due [DATE], with interest thereon payable at maturity at the rate of [PERCENTAGE %] (the Loan);

THAT the Corporation be and it is hereby authorized to enter into a promissory note with [COMPANY NAME] evidencing the Loan in the form submitted to the directors for approval (the Promissory Note), a copy of which is annexed hereto;

THAT [INDIVIDUAL NAME] and [INDIVIDUAL NAME] be and they are hereby authorized to sign the Promissory Note substantially in the form approved by the directors for and on behalf and in the name of the Corporation and to execute and deliver all such other deeds, documents and writings and to perform and do all such other acts and things as they, in their discretion, may consider to be necessary or useful for the purpose of giving effect to this resolution.


It is hereby certified by the undersigned that the foregoing resolution was duly passed by the Board of Directors of the above-named Company on the [DAY] day of [MONTH, YEAR], in accordance with the Memorandum or By-Laws and Articles of Incorporation of the Company and the laws and by-laws governing the Company and that the said resolution has been duly recorded in the Minute Book and is in full force and effect.


          
[DIRECTOR]



          
[DIRECTOR]



          
[DIRECTOR]


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