CHARTERED ACCOUNTANT
535 Points
Joined July 2014
There is not such specific section or provision in Limited Liability Partnership Act 2008. But the act also does not contain any provision which states restriction on accepting unsecured loan from outsiders or from partners. LLP is a corporate version of Partnership Firm and all provisions of partnership firms are applicable on LLP unless and until Limited Liability Partnership Act 2008 states any specific provision. But such loan should not be interest free loan.