Loan transaction between partnershipfirm and pvt ltd company
This query is : Resolved
30 October 2016
Query:
======
As far as the issue of loan to be given by the partnership firm to a pvt ltd company is concerned, first of all any of the partners of the partnership firm should become a share holder of the pvt ltd company and later the partnership firm can give an unsecured loan to the pvt ltd company and the pvt ltd company will then provide the yearly interest on unsecured loan taken.
Am I right Sir,
tks & rgds
yrs truly
tarique rizvi
982 1630 130
======
As far as the issue of loan to be given by the partnership firm to a pvt ltd company is concerned, first of all any of the partners of the partnership firm should become a share holder of the pvt ltd company and later the partnership firm can give an unsecured loan to the pvt ltd company and the pvt ltd company will then provide the yearly interest on unsecured loan taken.
Am I right Sir,
tks & rgds
yrs truly
tarique rizvi
982 1630 130
02 November 2016
Acceptance of loan by private limited company is governed by acceptance Companies (Acceptance of Deposits) Rules. You have to go through these rules to comply with all conditions. Primefacie, a company can accept loan from a director or a relative of director.
02 November 2016
Acceptance of loan by private limited company is governed by acceptance Companies (Acceptance of Deposits) Rules. You have to go through these rules to comply with all conditions. Primefacie, a company can accept loan from a director or a relative of director.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
