i am a partner in a partnership firm, i also have shares in my name, now i take loan against shares in my personal name (loan against security )
can i use this loan received (funds) in my partnership firm?
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Loan to partnership firm
Replies (3)
yes. you can. there is no restriction.
sir will this be counted as loan from partners or new capital introduction?
if lending funds to the partnership.. then it will be shown as a loan...
if using the fund to increase capital.. then counted as new capital introduction..
if using the fund to increase capital.. then counted as new capital introduction..
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