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Partnership firm

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PANKAJ KUMAR SRIVASTAVA

PANKAJ KUMAR SRIVASTAVA (Querist)
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24 January 2016 SIR,
APART FROM PARTNERS CAPITAL,CAN A PARTNERSHIP FIRM TAKE UNSECURED LOAN FROM IT'S PARTNERS ?
SIR PLEASE GUIDE ME ?
WITH REGARDS

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 January 2016 If the partnership deed has a clause to accept loan from partners, then firm can accept such loans.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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25 January 2016 Yes, you can take loan from partners.if partnership deed not permit you can amend terms by amending or through resolution by partner unanimously.

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