Inter Corporte Deposits
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2010
Can a Partnership Firm accept Inter Corporate Deposits (?) Is there any restriction on it (?)
05 August 2010
There is restrictions on company u/s 372A of Companies Act, but there is no such restrictions on Partnership Firm.
05 August 2010
AGREED, PARTNERSHIP FIRM CAN TAKE DEPOSITS FROM CORPORATE BODIES, BUT COMPANY CAN'T TAKE DEPOSITS FROM PARTNERSHIP FIRM.
VINOD ARORA
(Expert)
07 August 2010
There cant be any word "inter corporate deposits" utilised in the context of p-firms.
However, there are no restrictions on p-firms for accepting loans in contrast to companies.
However, there are no restrictions on p-firms for accepting loans in contrast to companies.
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