Unsecured loan to other company
urmila (accounts executive) (60 Points)
07 October 2016
can any partnership firm give loan to company ??
partners & directors are same in both.
3 Replies
Rahim
(Businessperson)
(460 Points)
Replied 07 October 2016
A firm can advance loan to a company with common control and interest provided rate of interesr and tds notms are followed. The restricton was for companies advancing loan under The Companies Act 2013.
SUNEEL KUMAR
(Sr. Accounts & Finance Executive)
(163 Points)
Replied 22 October 2016
Yes But subject to intrest & TDS
Rahim
(Businessperson)
(460 Points)
Replied 22 October 2016
Hiw much interest rate should be charged?
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