HELLO FRIENDS, MY CLIENT HAS STARTED THE FINANCE BUSINESS IN PARTNERSHIP FIRM DURING THE LAST YEAR FOR THE LACK OF CAPITAL THEY HAVE ACCEPTED UN-SECURED LOANS FROM TWO PERSONS WHICH ARE RELATIVES OF PARTNERS.
IS IT OK OR IS IT A VIOLATION OF SEC 45S OF RBI ACT.
PLS. HELP ME.
THANKS.
CAclubindia
