Easy Office
LCI Learning

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?

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.

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??



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries