Loan from Partnership firm by Private Limited Company
This query is : Resolved
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?
What are the recent legal provisions regarding this?
28 July 2021
NO, company can't accept loan from partnership firm even if its partners or director of the company.
29 July 2021
1. A private Limited Company can't accept loan from the Partnership Firm. It is non Compliance of Law
29 July 2021
Private Company can take from
Directors
Shareholders
Relative of Directors
Banks etc.
Directors
Shareholders
Relative of Directors
Banks etc.
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??
If yes then whether it is considered as deposit or not??
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