Loan from Partnership firm Section 73 and Section 186 of Companies Act, 2013.
FACT:
A company ABC Private Limited has taken unsecured Loan from a Company in which its director is a director and a Partnership firm in which its director is a partner.
QUERY:
Will the loan from Partnership firm be considered Deposit under Section 73?
Does the Unsecured loan obtained as above needs to be refunded as per section 73 and Section 186 of Companies Act, 2013 on or before 31-03-2015?
Thanks in advance
CAclubindia
