Investment or Loan to A Partnership Fim
Querist : Anonymous
Can it invest in the Capital or give a Loan to the Partnership Firm ?
It can invest in the Capital of the partnership firm. Also it can provide loan.
Querist : Anonymous
The provision of Company Act 1956, should be followed.
If the directors or any relative of the directors are partner of the firm, definately the provision of the companies act should be followed.
In the initial question, it was asked only for whether co., can give loan or invest in capital, for that even know the public compnay may invest in capital or give a loans to the firm.
All the above are subject to compliance of Companies Act 1956
Click here to login now
Similar Resolved Queries
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Missed TDS
- IT returns for fresh job holders
- F&O reporting in ITR
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
