Loan by Private Ltd. Company to IIIrd Party
This query is : Resolved
Deepak Maheshwari
(Querist)
09 April 2010
Dear All,
Can a Private Limited Company can give Loan to Third Party with intrest or if yes on what intrest rate ?
Please solve my problem as it is very urgent
Regards
Deepak Maheshwari
+91-9891006006
Dear All,
Can a Private Limited Company can give Loan to Third Party with intrest or if yes on what intrest rate ?
Please solve my problem as it is very urgent
Regards
Deepak Maheshwari
+91-9891006006
sivadas chettoor
(Expert)
09 April 2010
If it is a loan associated with the business- no problem. But if it is done as a business you may have to register as NBFC with RBI and may have to take Money lenders licence also.
09 April 2010
IF MONEY LENDING IS ONE OF YOUR OBJECT IN LAID DOWN IN MEMORANDUM THEN YOU CAN. THE INTEREST RATE SHOULD BE MINIMUM 9%.
Ankur Garg
(Expert)
10 April 2010
Agree with learned experts. Check your MOA and AOA properly.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- GSTR-9C filing
- Working on Gold wastage during Melting of old gold jewellery
- IMS (import of goods) ITC related
- Capital gains in IT returns
- Section 269ST applicability for capital introduced by partner to his partnership firm
- GST ITC as per notification 12/2023- central tax
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
