Loan from Partnership firm by Private Limited Company

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Bhawna Dubey (Querist)
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28 July 2021 Can a private limited company accept loan from a partnership firm in which all the directors of the company are partners in firm?
What are the recent legal provisions regarding this?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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28 July 2021 NO, company can't accept loan from partnership firm even if its partners or director of the company.

CS Divesh Goyal

CS Divesh Goyal (Expert)
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29 July 2021 1. A private Limited Company can't accept loan from the Partnership Firm. It is non Compliance of Law

CS Divesh Goyal

CS Divesh Goyal (Expert)
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29 July 2021 Private Company can take from
Directors
Shareholders
Relative of Directors
Banks etc.

Bhawna Dubey

Bhawna Dubey (Querist)
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17 October 2021 Sir Can Private limited company accept loan from any individual other than directors, their relatives and shareholders??
If yes then whether it is considered as deposit or not??

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Loan from Partnership firm by Private Limited Company

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