Loan transaction between partnershipfirm and pvt ltd company
This query is : Resolved
TARIQUE RIZVI
(Querist)
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.
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