Can company borrow money from proprietorship firm.
This query is : Resolved
03 February 2016
Kindly answer,
Can a private company borrow money as a loan from a proprietorship firm of one of the same director of the same Company?
please also suggest applicable sections as well.
Can a private company borrow money as a loan from a proprietorship firm of one of the same director of the same Company?
please also suggest applicable sections as well.
08 February 2016
Ms. Jyoti,
No Private Limited Company can't borrow money from proprietorship firm.
it can accept loan only from Directors, Members and Relative of Directors.
No Private Limited Company can't borrow money from proprietorship firm.
it can accept loan only from Directors, Members and Relative of Directors.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- FORM 26A APPLICABILITY
- SFT Cash Deposit in Current Account
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
