Loan from pvt ltd to partnership firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2014 Hello,

please let me know, can a partnership firm take loan from any pvt. ltd. company for short duration with or without interest

thanks

14 December 2014 Yes.

Only through cheque.

14 December 2014 Can take loan provided the lending company has to comply the provisions of section 186 of the Co's Act,2013. The loan should necessarily carry interest as per sub-section (7) of the referred section.

14 December 2014 Agreed with chackrapani.

In case of partnership no issue if got through cheque.

In case of company provision of 186 to be compiled .


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