Can partnership firm gives loan to public
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2013
respected sir/madam
my query is that
1. can a partnership firm start finance business ,to gives the loan to public on interest ( petty loan to people )
2. if yes ,whether is require to register to any body (RBI or other )
thanks
my query is that
1. can a partnership firm start finance business ,to gives the loan to public on interest ( petty loan to people )
2. if yes ,whether is require to register to any body (RBI or other )
thanks
CA.Vinita Gupta
(Expert)
27 March 2013
Loans can be given by Partnership Firm provided the Parntnership Agreement contains such clauses. Moreover consent of all the Partners are required to do such acts
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