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This query is : Resolved
KAVITA SHARMA
(Querist)
31 May 2014
Whether a partnership Firm can do the business of lending money ( Financing Business ) out of its own capital fund ( no deposit or unsecured loan ).
Further whether a Private Limited Company can become one of the partner. There are owned funds and no deposits. (In the Pvt Ltd Company all funds represents to Share Capital. There are no unsecured loans or deposit).
Our query is by becoming a partner as above said NBFC Provisions will attract to company or not.
Further whether a Private Limited Company can become one of the partner. There are owned funds and no deposits. (In the Pvt Ltd Company all funds represents to Share Capital. There are no unsecured loans or deposit).
Our query is by becoming a partner as above said NBFC Provisions will attract to company or not.
Rupesh Jain
(Expert)
31 May 2014
pvt ltd company can partner of the NBFC partner ship if its MOA permit it
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