Pvt. co can give unsecured loan to llp
This query is : Resolved
pooja Garg
(Querist)
30 May 2017
HI,
Pvt. Ltd. Co. is partner of LLP. So I want to know that Pvt.co. partner of LLP can give loan to LLP??? Please share any Legal section for the same.
Pvt. Ltd. Co. is partner of LLP. So I want to know that Pvt.co. partner of LLP can give loan to LLP??? Please share any Legal section for the same.
CA Mohit Kumar
(Expert)
30 May 2017
Read sec 185 and 186 of companies act
CS Mitesh Mehta
(Expert)
01 June 2017
Company can extend loans to an LLP. However the provisions of Section 186 of the Companies Act, 2013 shall be applicable for extending loan to LLP since it is a body corporate.
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