Loan by llp
This query is : Resolved
SREENATH P.
(Querist)
13 June 2017
Dear Experts,
Is it possible to provide loan by LLP to a company?
The main object of the LLP does not contain any clauses which showing that LLP is doing loan business and LLP is not registered under state money lending ACT.
Is it possible to provide loan by LLP to a company?
The main object of the LLP does not contain any clauses which showing that LLP is doing loan business and LLP is not registered under state money lending ACT.
CS Mitesh Mehta
(Expert)
13 June 2017
Yes. but it will be treated as Deposit. and need to comply with the terms and conditions of Companies (Acceptance of Deposit) Rules 2014
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