Loans from related parties
This query is : Resolved
13 February 2015
Hello friends,
Can a company take loan from a partnership firm in which the director of the company is a partner in the firm ?
Can a company take loan from a partnership firm in which the director of the company is a partner in the firm ?
13 February 2015
NO, in the present provisions of the Companies act, 2013. No company can accept money from any entity or person except from the director of the company
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