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Can a partnership firm advanced loan to outsiders? (

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Querist : Anonymous (Querist)
22 May 2018 Dear Experts

Can a partnership firm advanced unsecured loan to outsiders?

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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
22 May 2018 Yes a firm can advance unsecured loans by account payee cheque/dd etc.

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