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Investment by a pvt company in partnership firm
The company wants to invest by way of giving a corporate loan to a partnership firm in which a director is a partner. As per section 185 of Companies Act 2013, the company can not give loan to a firm in which a director is interested. Please correct me if i am wrong. Is there any way the company can provide loan by passing a special resolution or something? Thanks
Replies (1)
Private company has 3 conditions for exemptions check if ur company falls in all 3 conditions if yes den proceed with transaction.. Otherwise route it to a trust
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