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loan to partnership firm

This query is : Resolved 
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(Querist)
27 April 2010 Can a individual(say Mr X) grant a loan to a firm(partners Mr x & Y) in which he is a partner?
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CMA RV Padmakumar.A

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CMA RV Padmakumar.A (Expert)
27 April 2010 yes possible.
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CA Kapil B Gupta

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CA Kapil B Gupta (Expert)
27 April 2010 Yes



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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
27 April 2010 its possible
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
27 April 2010 AGREED WITH EXPERTS.
ANY INDIVIDUAL AS WELL AS HUF CAN GIVE LOAN TO FIRM.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
27 April 2010 yes

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